[196D Employer asset-backed contributions: denial of relief (2)]
Finance Act 2004 (2004 c 12) | Legislation

[196D  Employer asset-backed contributions: denial of relief (2)]

[(1)     An employer (“E”) is not to be given relief in respect of a contribution (“E's contribution”) paid by E under a registered pension scheme if conditions A and B are met.

(2)     Condition A is that—

(a)     under an arrangement (“the asset-backed arrangement”) a person (“the transferor”) makes a disposal of an asset (“the security”) to a partnership,

(b)     the

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