This Statutory Instrument has been made in consequence of a defect in S.I. 2019/689 and is being issued free of charge to all known recipients of that Statutory Instrument.
Statutory Instruments
2021 No. 89
Income Tax
The Pension Schemes (Qualifying Recognised Overseas Pension Schemes) (Gibraltar) (Exclusion of Overseas Transfer Charge) Regulations 2021
Made
27th January 2021
Laid before the House of Commons
28th January 2021
Coming into force
18th February 2021
The Treasury make the following Regulations in exercise of the powers conferred by section 90(1)(a), (2)(a), and (3) of the Finance Act 2019( 1 ).
Citation, commencement and effect
1. —(1) These Regulations may be cited as the Pension Schemes (Qualifying Recognised Overseas Pension Schemes) (Gibraltar) (Exclusion of Overseas Transfer Charge) Regulations 2021 and come into force on 18th February 2021.
(2) These Regulations take effect from IP completion day.
Amendment of the Finance Act 2004
2. —(1) Part 4 of the Finance Act 2004( 2 ) is amended as follows.
(2) In section 244C( 3 )—
(a) in the heading after “receiving scheme in EEA state” insert “or Gibraltar”;
(b) in subsection (1) after “in an EEA state” insert “or Gibraltar”.
Rebecca Harris
Maggie Throup
Two of the Lords Commissioners of Her Majesty’s Treasury
27th January 2021
Section 244C was inserted by paragraph 11 of Schedule 4 to the Finance Act 2017 (c. 10) and amended by S.I. 2019/689 .