Land or interest in land, acquired at arms length

For the purposes of this question the land, including interest in land, should have been acquired in respect of a member or members of the scheme.

Land includes buildings, for example, houses, offices and factories. It is all land and buildings including, for example, residential, commercial, agricultural, forestry. An interest in land includes both a freehold and a leasehold interest, and jointly held interests. It is not limited to land and buildings in the UK.

Assets acquired at arm’s length means assets that were not acquired from any of the persons or companies connected to the scheme.

For more information regarding Indirect Holding see RPSM07109410 onwards.

Other useful definitions

Genuinely diverse commercial vehicle – see RPSM07109420

Investment Regulated Pension Scheme – see RPSM07109050

Residential property – see RPSM07109060

RPSM is the Registered Pension Schemes Manual which can be found at www.hmrc.gov.uk/pensionschemes/index.htm