Definition of "listed asset"

10A

(1) In this Part of this Schedule, a "listed asset" means an item of property that falls within one of the following descriptions of property - (a) precious metals; (b) precious stones; (c) watches; (d) artistic works; (e) face-value vouchers; (f) postage stamps.

(2) The Secretary of State may by regulations made by statutory instrument amend sub-paragraph (1) -

(a) by removing a description of property;

(b) by adding a description of tangible personal (or corporeal moveable) property.

(3) A statutory instrument containing regulations under sub-paragraph (2) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.