CG73996D | UK property rich collective investment vehicles: Scope of the rules and definitions

The scope and key definitions are contained in Part 1 of Schedule 5AAA to TCGA 1992. The term ‘collective investment vehicle’ is defined at TCGA92/SCH5AAA/paragraph 1(1) – see CG73996N. This is a key term as it acts as a ‘gateway’ into the treatment of entities within the definition, and of their investors.

Other key expressions are also defined in Part 1 of Schedule 5AAA, see CG73996M. The remaining terms used in the Schedule are defined in Parts 4 and 6.