Assets acquired from a connected party, other than shares, land, or loans

Do not include here details of any assets used for normal administrative purposes of the pension scheme, such as office premises and equipment or motor vehicles used by administrative staff employed by the scheme.

The term 'connected' is as defined in Section 993/4 of Income Tax Act 2007.

For more information regarding Indirect Holding see RPSM07109410 onwards.

Other useful definitions

Genuinely diverse commercial vehicle – see RPSM07109420
Investment Regulated Pension Scheme – see RPSM07109050

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

Land or interest in land

Land includes residential or commercial buildings, agricultural, forestry or interest in the land, for example, leases and ground rents. Residential property is defined in Schedule 29A of Finance Act 2004.