[Part 1 Introduction: Key Expressions]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[SCHEDULE 5AAA UK Property Rich Collective Investment Vehicles etc]

[Section 103DB]

[Part 1 Introduction: Key Expressions]

[Meaning of “collective investment vehicleâ€, “participant†and “unitâ€

1

(1)     In this Schedule “collective investment vehicle†means—

(a)     a collective investment scheme,

(b)     an AIF,

(c)     a company which is [a company UK REIT or is the principal company of a group UK REIT], . . .

[(d)     a company which—

(i)     is resident outside the United Kingdom,

(ii)     is not a member of a group, and

(iii)     meets the property income condition,

(e)     a company which—

(i)     is resident outside the United Kingdom,

(ii)     is the principal company of a group,

(iii)     is not a close company or is a close company but only because it has a qualifying investor as a direct or indirect participator, and

(iv)     meets the property income condition, or

(f)     a company which—

(i)     is resident outside the United Kingdom,

(ii)     is a member of a group but is not the principal company of the group,

(iii)     is a close company but only because it has a qualifying investor, or a comp

any wholly (or almost wholly) owned by qualifying investors, as a direct participator,

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