SCHEDULES
F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes
Part 2Taxable property
Residential property
8
1
For the purposes of the taxable property provisions a building used for any of the following purposes is not residential property—
a
a home or other institution providing residential accommodation for children;
b
a hall of residence for students;
c
a home or other institution providing residential accommodation with personal care for persons in need of personal care by reason of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder;
d
a hospital or hospice;
e
a prison or similar establishment.
2
Where—
a
a building is used for a purpose specified in sub-paragraph (1),
b
a building which is not in use was, immediately before it ceased to be in use, used for such a purpose, or
c
a building which has never been in use is more suitable for use for such a purpose than for use for any other purpose,
no account is to be taken for the purposes of the taxable property provisions of its suitability for use as a dwelling.
Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13