239 Single property schemes

Section 239 Single property schemes

Financial Services and Markets Act 2000 (2000 c 8) | Legislation
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

239  Single property schemes

(1)     The Treasury may by regulations make provision for exempting single property schemes from section 238(1).

(2)     For the purposes of subsection (1) a single property scheme is a scheme which has the characteristics mentioned in subsection (3) and satisfies such other requirements as are prescribed by the regulations conferring the exemption.

(3)     The characteristics are—

(a)

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