183 Qualifying transformer vehicles
Finance Act 2016 (2016 c 24) | Legislation

Qualifying Transformer Vehicles

183  Qualifying transformer vehicles

(1)     In this section “qualifying transformer vehicle” means a transformer vehicle which meets conditions which are specified in regulations made by the Treasury.

(2)     The Treasury may by regulations make provision about the treatment for the purposes of any enactment relating to taxation of—

(a)     qualifying transformer vehicles;

(b)     investors in qualifying transformer vehicles;

(c)     transactions involving qualifying transformer vehicles.

(3)     Regulations under subsection (2) may, in particular, disapply, apply (with or without modification) or modify the application of any enactment.

(4)     Without limiting the generality of subsection (2), regulations under that subsection may in particular include—

(a)     provision for profits or other amounts

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