Taxation of Chargeable Gains Act 1992 Schedule 5AZA paragraph 2

Form of scheme

Paragraph 2 defines the type of scheme that falls within this Schedule, namely one where property held by one or more collective investment schemes is transferred to one or more different collective investment schemes.

• A scheme qualifies under this paragraph if property held within one or more collective investment schemes is moved so that it becomes held within one or more other collective investment schemes.
• The scheme from which property is transferred is called the "original collective investment scheme."
• The scheme to which property is transferred is called the "successor collective investment scheme."
• The transfer may involve all or only some of the property held by the original scheme or schemes.