The Investment-regulated Pension Schemes (Exception of Tangible Moveable Property) Order 2006
Section 158 of and Schedule 21 to the Finance Act 2006 introduce provisions (contained in Schedule 29A to the Finance Act 2004) relating to registered pension schemes, where the member or related persons can influence the choice of investments (“investment-regulated pension schemes”). Where such a scheme acquires an interest in residential property or tangible moveable property, tax charges arise.