1

These Regulations may be cited as the Capital Gains Tax (Definition of Unit Trust Scheme) (Amendment) Regulations 2000 and shall come into force on 11th October 2000.

NOTES
Initial Commencement
Specified date

Specified date: 11 October 2000: see above.
Tax Law99 Capital Gains Tax99

2

2

(1)    Regulation 3 of the Capital Gains Tax (Definition of Unit Trust Scheme) Regulations 1988 is amended as follows.

(2)    After paragraph (b) insert

“or

(c)    an employee share ownership plan approved under Schedule 8 to the Finance Act 2000,”.

NOTES
Initial Commencement
Specified date

Specified date: 11 October 2000: see reg 1.
Tax Law99 Capital Gains Tax99

Signature

Greg Pope

Jim Dowd

Two of the Lords Commissioners of Her Majesty's Treasury

20th September 2000

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations amend the Capital Gains Tax (Definition of Unit Trust Scheme) Regulations 1988 (SI 1988/266) so as to provide that an employee share ownership plan approved under Schedule 8 to the Finance Act 2000 (c 17) is not a unit trust scheme for the purposes of the Taxation of Chargeable Gains Act 1992 (c 12).
Tax Law99 Capital Gains Tax99

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