Disposal of assets acquired from a connected party, other than shares in the sponsoring employer, 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.

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.

Sponsoring employer

A sponsoring employer is:

• the employer (or employers) who established the scheme to provide benefits for their employees in respect of their employment with the employer
• any employer whose employees have benefits provided under the scheme in respect of their employment with that employer

Loans

Do not include:

• the purchase of or subscription to debentures
• debenture stock
• loan stock
• bonds
• certificates of deposit
• other documents creating or acknowledging indebtedness that are listed or dealt with on a recognised stock exchange or offered to the public.

Where a guarantee of a loan is made the amount of the loan is the amount guaranteed.