Taxation of Chargeable Gains Act 1992

s.001

Capital gains tax

s.001

Territorial scope

s.001

Non-UK residents: UK branch or agency

s.001

Non-UK residents: disposing of an “interest in UK land”

s.001

Non-UK residents: assets deriving 75% of value from UK land etc

s.001

Losses deductible only when within scope of tax etc

s.001

Allowable losses to be used in most beneficial way etc

s.001

Gains accruing to UK resident individuals in split years

s.001

The main rates of CGT

s.001

Income taxed at higher rates or gains exceeding unused basic rate band

s.001

Section 1I: definitions and other supplementary provision

s.001

Annual exempt amount

s.001

Increasing annual exempt amount to reflect increases in CPI

s.001

Temporary non-residents

s.001

Section 1M(1): assets acquired in temporary period of non-residence

s.001

Definitions used in Chapter

s.002

Corporation tax on chargeable gains

s.002

Company's total profits to include chargeable gains

s.002

Territorial scope of charge to corporation tax on chargeable gains

s.002

Non-UK resident company with UK permanent establishment

s.002

Application of CGT principles in calculating gains and losses

s.002

References to income tax or Income Tax Acts in case of companies

s.002

Interaction of capital gains tax and corporation tax

s.002

Assets of a company vested in a liquidator

s.003

Gains attributed to UK resident individuals etc

s.003

Gains connected to avoidance or foreign activities etc

s.003

Participators and their interests

s.003

Prevention of double UK taxation

s.003

Individuals who were non-UK domiciled

s.003

Temporary non-residents

s.003

Non-resident groups of companies

s.003

Supplementary provisions

s.004

Rates of capital gains tax

s.004

Section 4: special cases

s.004

Deduction of losses etc in most beneficial way

s.004

Rates, and use of unused basic rate band, in certain cases

s.004

Residential property gain or loss

s.005

Accumulation and discretionary settlements.

s.006

Other special cases.

s.007

Time for payment of tax.

s.008

Company’s total profits to include chargeable gains.

s.009

Residence, including temporary residence.

s.010

Non-resident with United Kingdom branch or agency.

s.010

Temporary non-residents.

s.010

Section 10A: supplementary

s.010

Non-resident company with United Kingdom permanent establishment

s.011

Visiting forces and official agents

s.012

Non-UK domiciled individuals to whom remittance basis applies

s.013

Attribution of gains to members of non-resident companies.

s.013

Section 13(5): interpretation

s.014

Non-resident groups of companies.

s.014

Section 13: non-UK domiciled individuals

s.014

Meaning of “non-resident CGT disposal”

s.014

Meaning of “disposal of a UK residential property interest”

s.014

Persons chargeable to capital gains tax on NRCGT gains

s.014

Further provision about use of NRCGT losses

s.014

Persons not chargeable under section 14D if a claim is made

s.014

Section 14F: divided companies

s.014

Section 14F: arrangements for avoiding tax

s.015

Computation of gains.

s.016

Computation of losses.

s.016

Restrictions on allowable losses

s.016

Losses: non-UK domiciled individuals

s.016

Individual who has made election under section 16ZA: foreign chargeable gains remitted in tax year after tax year in which accrue

s.016

Individual who has made election under section 16ZA and to whom remittance basis applies

s.016

Section 16ZC: supplementary

s.017

Disposals and acquisitions treated as made at market value.

s.018

Transactions between connected persons.

s.019

Deemed consideration in certain cases where assets disposed of in a series of transactions.

s.020

Original market value and aggregate market value for purposes of section 19.

s.021

Assets and disposals.

s.022

Disposal where capital sums derived from assets.

s.023

Receipt of compensation and insurance money not treated as a disposal.

s.024

Disposals where assets lost or destroyed, or become of negligible value.

s.024

Structures and buildings contributions allowances: destruction of asset

s.025

Non-residents: deemed disposals.

s.025

Long funding leases of plant or machinery: deemed disposals

s.025

Postponing gain or loss under section 25(3): interests in UK land

s.026

Mortgages and charges not to be treated as disposals.

s.026

Transfers in respect of dormant assets

s.027

Disposals in cases of hire-purchase and similar transactions.

s.028

Time of disposal and acquisition where asset disposed of under contract.

s.028

Contracts completed after ordinary notification period

s.029

General provisions.

s.030

Tax-free benefits.

s.031

Disposal of shares or securities by a company

s.035

Assets held on 31st March 1982 (including assets held on 6th April 1965).

s.035

Disposal of asset acquired on no gain/no loss disposal

s.036

Deferred charges on gains before 31st March 1982.

s.036

Re-basing in relation to direct or indirect disposals of UK land

s.037

Consideration chargeable to tax on income.

s.037

Consideration on disposal of certain leases

s.037

Consideration on certain disposals: structures and buildings allowances

s.038

Acquisition and disposal costs etc.

s.039

Exclusion of expenditure by reference to tax on income.

s.039

Exclusion of certain expenditure: structures and buildings allowances

s.040

Interest charged to capital.

s.041

Restriction of losses by reference to capital allowances and renewals allowances.

s.041

Restriction of losses: long funding leases of plant or machinery

s.042

Part disposals.

s.043

Assets derived from other assets.

s.044

Meaning of “wasting asset".

s.045

Exemption for certain wasting assets.

s.046

Straightline restriction of allowable expenditure.

s.047

Wasting assets qualifying for capital allowances.

s.047

Exemption for certain disposals under, or after leaving, cash basis

s.047

Disposals made by persons after leaving cash basis

s.048

Consideration due after time of disposal.

s.048

Unascertainable consideration

s.049

Contingent liabilities.

s.050

Expenditure reimbursed out of public money.

s.051

Exemption for winnings and damages etc.

s.052

Supplemental.

s.052

Chapter to apply only for corporation tax purposes

s.053

The indexation allowance and interpretative provisions.

s.054

Calculation of indexation allowance.

s.055

Assets owned on 31st March 1982 or acquired on a no gain/no loss disposal.

s.056

Part disposals and disposals on a no-gain/no-loss basis.

s.057

Receipts etc. which are not treated as disposals but affect relevant allowable expenditure.

s.057

Gains and losses on relevant high value disposals

s.057

Gains and losses on non-resident CGT disposals

s.057

Gains and losses on disposals of residential property interests

s.058

Spouses and civil partners.

s.059

Partnerships.

s.059

Limited liability partnerships.

s.059

Limited liability partnerships: deemed disposal

s.059

Alternative investment fund managers (1)

s.059

Alternative investment managers (2)

s.060

Nominees and bare trustees.

s.061

Funds in court.

s.062

Death: general provisions.

s.063

Death: application of law in Scotland.

s.063

Death: application of law in Northern Ireland

s.064

Expenses in administration of estates and trusts.

s.065

Liability for tax of trustees or personal representatives.

s.066

Insolvents’ assets.

s.067

Provisions applicable where section 79 of the Finance Act 1980 has applied.

s.068

Meaning of “settled property".

s.068

Meaning of “settlor”

s.068

Transfer between settlements: identification of settlor

s.068

Variation of will or intestacy, etc: identification of settlor

s.069

Trustees of settlements.

s.069

Sub-fund settlements

s.070

Transfers into settlement.

s.071

Person becoming absolutely entitled to settled property.

s.072

Termination of life interest on death of person entitled.

s.073

Death of life tenant: exclusion of chargeable gain.

s.074

Effect on sections 72 and 73 of relief under section 165 or 260.

s.075

Death of annuitant.

s.076

Disposal of interests in settled property.

s.076

Disposal of interest in settled property: deemed disposal of underlying assets.

s.076

Transfers of value by trustees linked with trustee borrowing.

s.077

Charge on settlor with interest in settlement.

s.078

Right of recovery.

s.079

Provisions supplemental to sections 77 and 78.

s.079

Restriction on set-off of trust losses.

s.079

Attribution to trustees of gains of non-resident companies.

s.080

Trustees ceasing to be resident in U.K.

s.080

Postponing gain or loss under section 80(2): interests in UK land

s.081

Death of trustee: special rules.

s.082

Past trustees: liability for tax.

s.083

Trustees ceasing to be liable to U.K. tax.

s.083

Trustees both resident and non-resident in a year of assessment

s.084

Acquisition by dual resident trustees.

s.085

Disposal of interests in non-resident settlements.

s.085

Transfers of value: attribution of gains to beneficiaries and treatment of losses

s.086

Attribution of gains to settlors with interest in non-resident or dual resident settlements.

s.086

Attribution of gains to settlor where temporarily non-resident

s.087

Non-UK resident settlements: attribution of gains to beneficiaries

s.087

Section 87: matching

s.087

Section 87: remittance basis

s.087

Sections 87 and 87A: disregard of capital payments made from carried interest gains

s.087

Sections 87 and 87A: disregard of certain capital payments

s.087

Sections 87 and 87A: disregard of capital payments to non-residents

s.087

Sections 87 and 87A: disregarded payments to temporary non-resident

s.087

Sections 87 and 87A: disregarded payments in year settlement ends

s.087

Settlor liable if capital payment received by close family member

s.087

Meaning of “close member of the settlor's family”

s.087

Onward gifts from non-residents or qualifying new residents

s.087

Non-UK resident settlements: recipients of onward gifts

s.087

Relevant parts of payment from which onward gift derived

s.087

Attribution of gains or payments to recipient of onward gift

s.087

Cases where settlor liable following onward gift

s.087

Cases where recipient of onward gift is user of remittance basis

s.087

Sections 87 and 87A: disregard of payments to migrating beneficiary

s.087

Sections 87 and 87A: temporary migration after payment disregarded

s.088

Gains of dual resident settlements.

s.089

Migrant settlements etc.

s.090

Sections 87 and 89(2): transfers between settlements

s.090

Section 90: transfers made for consideration in money or money's worth

s.091

Increase in tax payable under section 87 or 89(2).

s.092

Qualifying amounts and matching.

s.093

Matching: special cases.

s.094

Transfers of settled property where qualifying amounts not wholly matched.

s.095

Matching after transfer.

s.096

Payments by and to companies.

s.097

Supplementary provisions.

s.097

Value of benefit conferred by capital payment made by way of loan

s.097

Value of benefit conferred by capital payment made by way of making movable property available

s.097

Value of benefit conferred by capital payment made by way of making land available

s.098

Power to obtain information for purposes of sections 87 to 90.

s.098

Settlements with foreign element: information.

s.099

Application of Act to unit trust schemes.

s.099

Treatment of umbrella schemes

s.099

Calculation of the disposal cost of accumulation units

s.115

Exemptions for gilt-edged securities and qualifying corporate bonds etc.

s.121

Exemption for government non-marketable securities.

s.123

Disposal of right to acquire shares or debentures.

s.124

Disposal of shares: relief in respect of income tax consequent on shortfall in distributions.

s.126

Application of sections 127 to 131.

s.129

Part disposal of new holding.

s.131

Indexation allowance.

s.134

Compensation stock.

s.148

Traded options: closing purchases.

s.148

Futures and options involving guaranteed returns

s.148

Deemed disposals at a gain under section 564(4) of ITTOIA 2005

s.148

Deemed disposals at a loss under section 564(4) of ITTOIA 2005

s.149

Rights to acquire qualifying shares.

s.149

Employment-related securities options

s.149

Restricted and convertible employment-related securities and employee shareholder shares

s.149

Shares in research institution spin-out companies

s.149

Employee incentive schemes: conditional interests in shares.

s.149

Priority share allocations

s.182

Disposals of debts.

s.183

Disposals of shares.

s.184

Definitions and other provisions supplemental to sections 182 and 183.

s.184

Restrictions on buying losses: tax avoidance schemes

s.184

Restrictions on buying gains: tax avoidance schemes

s.184

Sections 184A and 184B: meaning of “qualifying change of ownership”

s.184

Sections 184A and 184B: meaning of “tax advantage”

s.184

Sections 184A and 184B: “pre-change assets”: basic rules

s.184

Sections 184A and 184B: “pre-change assets”: pooling rules

s.184

Avoidance involving losses: schemes converting income to capital

s.184

Avoidance involving losses: schemes securing deductions

s.184

Notices under sections 184G and 184H

s.184

Asset subject to EU exit charge on becoming chargeable asset

s.189

Capital distribution of chargeable gains: recovery of tax from shareholder.

s.194

Disposals of oil licences relating to undeveloped areas.

s.205

Disallowance of insurance premiums as expenses.

s.206

Underwriters.

s.207

Disposal of assets in premiums trust fund

s.208

Premiums trust funds: indexation.

s.209

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.220

Disposals by Northern Ireland housing associations.

s.232

Chargeable event when replacement assets owned.

s.233

Chargeable event when replacement property owned.

s.234

Chargeable events when bonds owned.

s.236

Prevention of double charge.

s.236

Relief for transfers to share incentive plans

s.236

Exemption for employee shareholder shares

s.236

Only first £50,000 of shares under associated agreements to be exempt

s.236

Shares not exempt if shareholder or connected person has material interest in company

s.236

Identification of exempt employee shareholder shares

s.236

Reorganisation of share capital involving employee shareholder shares

s.236

Relinquishment of employment rights is not disposal of an asset

s.236

Disposals to employee-ownership trusts

s.236

Trading requirement

s.236

All-employee benefit requirement

s.236

Further provision about the equality requirement

s.236

Cases in which all-employee benefit requirement treated as met

s.236

Trustee independence requirement

s.236

Controlling interest requirement

s.236

Limited participation requirement

s.236

No section 236H relief if disqualifying event in next four tax years

s.236

Events which trigger deemed disposal and reacquisition by trustees

s.236

Relief for deemed disposals under section 71

s.236

No section 236Q relief if disqualifying event in next four tax years

s.236

Identification of shares where section 236H or 236Q applies

s.236

Further provision about significant and controlling interests

s.236

Interpretation of sections 236H to 236U

s.240

Leases of land and other assets.

s.245

Compensation paid on compulsory acquisition.

s.248

Provisions supplementary to section 247.

s.248

Roll-over relief on disposal of joint interests in land: conditions

s.248

Calculation of relief

s.248

Excluded land

s.248

Milk quotas

s.248

Relief on disposal of joint interests in private residence

s.250

Woodlands.

s.262

Chattel exemption.

s.263

Passenger vehicles.

s.263

Agreements for sale and repurchase of securities: capital gains tax

s.263

Section 263A: interpretation

s.263

Renewables obligation certificates for domestic microgeneration

s.263

Stock lending arrangements.

s.263

Stock lending involving redemption.

s.263

Stock lending: insolvency etc of borrower

s.263

Gains accruing to persons paying manufactured dividends

s.263

Structured finance arrangements

s.263

Power to modify repo provisions: non-standard repo cases

s.263

Power to modify repo provisions: redemption arrangements

s.263

Sections 263F and 263G: supplementary provisions

s.263

Powers about manufactured overseas dividends

s.263

Former employees: employment-related liabilities

s.264

Relief for local constituency associations of political parties on reorganisation of constituencies.

s.266

Inter-American Development Bank.

s.267

Sharing of transmission facilities.

s.268

Decorations for valour or gallant conduct.

s.268

Victims of National-Socialist persecution

s.268

Compensation for deprivation of foreign assets

s.269

Foreign currency for personal expenditure.

s.270

Chevening Estate.

s.284

Income tax decisions.

s.284

Concessions that defer a charge.

s.284

Provisions supplementary to section 284A.

s.289

Commencement.

s.290

Savings, transitionals, consequential amendments and repeals.

s.291

Short title.

s.001

UK resident individuals to whom the remittance basis applied

s.002

Assets held on 6th April 1965

s.007

Relief for gifts of business assets

s.012

Repeals

s.sch001

(1) This paragraph applies in the case of an individual...

s.sch001

(1) This paragraph applies if— (a) gains are treated as...

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(1) This paragraph applies in the case of an individual...

s.sch001

(1) This paragraph explains how, for the purposes of paragraph...

s.sch001

(1) For the purposes of this Schedule “ foreign asset...

s.sch001a

This Schedule makes provision, for the purposes of section 1A(3)(c)...

s.sch001a

(1) In determining for the purposes of paragraph 9 the...

s.sch001a

(1) In the application of this Schedule in relation to...

s.sch001a

(1) This paragraph applies if a person has entered into...

s.sch001a

The provision made by this Schedule needs to be read...

s.sch001a

(1) An asset derives at least 75% of its value...

s.sch001a

(1) Subject as follows, all of the assets of the...

s.sch001a

(1) A disposal of a right or interest in a...

s.sch001a

(1) This paragraph applies if— (a) there are two or...

s.sch001a

For the purposes of this Part of this Schedule “...

s.sch001a

(1) If— (a) a person disposes of an asset consisting...

s.sch001a

(1) A person (“P”) has a 25% investment in a...

s.sch001b

(1) For the purposes of Chapter 1 of Part 1...

s.sch001b

Regulations under any provision of this Schedule may make incidental,...

s.sch001b

(1) The proportion of a chargeable gain attributable to residential...

s.sch001b

(1) For the purposes of this Schedule a person “disposes...

s.sch001b

(1) For the purposes of this Schedule an “ interest...

s.sch001b

(1) For the purposes of this Schedule a building is...

s.sch001b

(1) A building is treated for the purposes of paragraph...

s.sch001b

(1) If— (a) a person disposes of an interest in...

s.sch001b

(1) For the purposes of this Schedule a building is...

s.sch001b

(1) The Treasury may by regulations amend this Schedule for...

s.sch001c

(1) This Schedule provides for the application of section 1K...

s.sch001c

(1) In the case of a settlement for the benefit...

s.sch001c

(1) A settlement is a “settlement for the benefit of...

s.sch001c

(1) The Treasury may by order— (a) specify circumstances in...

s.sch001c

(1) This paragraph applies if settlement is not a settlement...

s.sch001c

(1) This paragraph reduces the annual exempt amount for trustees...

s.sch001c

(1) In this Schedule “ qualifying UK settlement ”, in...

s.sch001c

(1) This paragraph— (a) applies if the trustees of a...

s.sch002

(1) This paragraph applies— (a) to shares and securities which...

s.sch002

(1) For the purposes of this Part of this Schedule,...

s.sch002

(1) The current use value of an interest in land...

s.sch002

In computing any gain accruing to a person on a...

s.sch002

(1) In this Part of this Schedule, “material development”, in...

s.sch002

(1) For the purposes of this Part, material development shall...

s.sch002

In this Part of this Schedule, unless the context otherwise...

s.sch002

(1) This paragraph applies subject to Parts I and II...

s.sch002

(1) If the person making a disposal so elects, paragraph...

s.sch002

(1) This paragraph has effect as respects shares held by...

s.sch002

(1) For the purposes of this Act, it shall be...

s.sch002

(1) Subject to paragraph 4 below and section 109(4), paragraph...

s.sch002

If under any provision in this Schedule it is to...

s.sch002

(1) This paragraph has effect where— (a) at any time,...

s.sch002

Where section 58 is applied in relation to a disposal...

s.sch002

Where section 23(4)(a) applies to exclude a gain which, in...

s.sch002

(1) Where— (a) a disposal was made out of quoted...

s.sch002

(1) This paragraph applies in relation to quoted securities as...

s.sch002

(1) In the case of companies which at the relevant...

s.sch002

(1) Where a person who has made only one of...

s.sch002

No election under paragraph 4 above shall cover quoted securities...

s.sch002

(1) In paragraphs 3 to 7 above— “quoted securities” means...

s.sch002

(1) Subject to paragraph 17(2) of Schedule 11, this Part...

s.sch003

(1) For the purposes of corporation tax, where—

s.sch003

(1) This paragraph applies where— (a) paragraph 1(1) applies to...

s.sch003

(1) Sub-paragraph (2) below applies where a person makes a...

s.sch003

If under section 35 it is to be assumed that...

s.sch003

(1) Where, in relation to a disposal to which section...

s.sch003

Section 35 shall have effect with the necessary modifications in...

s.sch003

In a case where because of paragraph 16 of Schedule...

s.sch003

(1) An election under section 35(5) shall not cover disposals...

s.sch003

(1) A company may not make an election under section...

s.sch003

(1) In paragraph 8 above “the relevant time”, in relation...

s.sch004

Where this Schedule applies— (a) in a case within paragraph...

s.sch004

(1) Subject to sub-paragraphs (2) to (4) below, this Schedule...

s.sch004

(1) This paragraph applies where this Schedule would have applied...

s.sch004

(1) Subject to sub-paragraphs (3) to (5) below, this Schedule...

s.sch004

Where— (a) a person makes a disposal of an asset...

s.sch004

(1) Sub-paragraph (2) below applies where— (a) a person makes...

s.sch004

For the purposes of this Schedule a no gain/no loss...

s.sch004

The references in paragraphs 2(1)(c) and 4(1)(b) above to the...

s.sch004

(1) No relief shall be given under this Schedule unless...

s.sch004

This Schedule applies only for the purposes of corporation tax....

s.sch004a

Disposal of interest in settled property: deemed disposal of underlying assets

s.sch004a

This Schedule applies where there is a disposal of an...

s.sch004a

(1) The provisions of this paragraph have effect to prevent...

s.sch004a

(1) This paragraph applies where chargeable gains accrue to the...

s.sch004a

The provisions of paragraphs 7 and 8(1), (3), (6) and...

s.sch004a

(1) This paragraph applies in a case where there is...

s.sch004a

If the trustees of a settlement have elected that 508...

s.sch004a

(1) For the purposes of this Schedule an “interest in...

s.sch004a

(1) For the purposes of this Schedule a disposal is...

s.sch004a

(1) Where this Schedule applies and the following conditions are...

s.sch004a

(1) The condition as to UK residence of the trustees...

s.sch004a

(1) The condition as to UK residence of the settlor...

s.sch004a

(1) The condition as to settlor interest in the settlement...

s.sch004a

(1) Where the interest disposed of is a right in...

s.sch004a

(1) The deemed disposal shall be taken—

s.sch004aa

(1) Part 2, 3 or 4 of this Schedule applies...

s.sch004aa

(1) This paragraph applies if— (a) a person makes an...

s.sch004aa

(1) This paragraph applies if— (a) a person makes an...

s.sch004aa

(1) This Part of this Schedule applies to any direct...

s.sch004aa

(1) In calculating the gain or loss accruing on the...

s.sch004aa

The person may make an election under this paragraph for...

s.sch004aa

(1) This paragraph applies if— (a) a person makes an...

s.sch004aa

(1) This paragraph applies in any case where—

s.sch004aa

(1) This paragraph applies in any case where—

s.sch004aa

(1) This paragraph applies in any case where—

s.sch004aa

(1) This paragraph applies if, in calculating a gain or...

s.sch004aa

(1) This Part of this Schedule applies to—

s.sch004aa

(1) This paragraph applies if, in calculating a gain or...

s.sch004aa

(1) An election under any provision of this Schedule must...

s.sch004aa

(1) In this Schedule— (a) any reference to an interest...

s.sch004aa

(1) In calculating the gain or loss accruing on the...

s.sch004aa

(1) The person may make an election under this paragraph...

s.sch004aa

(1) This paragraph applies if— (a) a person makes an...

s.sch004aa

(1) This Part of this Schedule applies to any direct...

s.sch004aa

(1) In calculating the gain or loss accruing on the...

s.sch004aa

The person may make an election under this paragraph for...

s.sch004aa

(1) The person may make an election under this paragraph—...

s.sch004b

Transfers of value by trustees linked with trustee borrowing

s.sch004b

(1) This Schedule applies where trustees of a settlement—

s.sch004b

(1) Where in accordance with this Schedule a transfer of...

s.sch004b

(1) This paragraph provides for determining whether the deemed disposal...

s.sch004b

(1) For the purposes of this Schedule the value of...

s.sch004b

(1) In this Schedule any reference to an asset includes...

s.sch004b

(1) For the purposes of this Schedule trustees of a...

s.sch004b

(1) This paragraph explains what is meant in this Schedule...

s.sch004b

(1) For the purposes of this Schedule trustees of a...

s.sch004b

(1) For the purposes of this Schedule a transfer of...

s.sch004b

(1) For the purposes of this Schedule the proceeds of...

s.sch004b

(1) The following are “ordinary trust assets” for the purposes...

s.sch004b

(1) The alternative condition referred to in paragraph 6(2)(b) in...

s.sch004b

(1) The Treasury may make provision by regulations as to...

s.sch004c

Transfers of value: attribution of gains to beneficiaries

s.sch004c

(1) This Schedule applies where the trustees of a settlement...

s.sch004c

(1) Subject to paragraph 9(3) , it is immaterial for...

s.sch004c

Without prejudice to so much of this Schedule as requires...

s.sch004c

(1) This paragraph applies if— (a) by virtue of section...

s.sch004c

(1) This paragraph applies where by virtue of section 1M...

s.sch004c

(1) This paragraph applies if— (a) chargeable gains are treated...

s.sch004c

Where a settlement ceases to exist after the trustees have...

s.sch004c

(1) In this Schedule— (a) “transfer of value” has the...

s.sch004c

(1) The following steps are to be taken for the...

s.sch004c

(1) This paragraph explains what is meant for the purposes...

s.sch004c

(1) If the transfer of value is made in a...

s.sch004c

(1) If the transfer of value is made in a...

s.sch004c

(1) For the purposes of this Schedule the chargeable amount...

s.sch004c

(1) An allowable loss arising under Schedule 4B in relation...

s.sch004c

(1) This paragraph applies if the trustees of the transferor...

s.sch004c

(1) Chargeable gains are treated as accruing in a tax...

s.sch004c

(1) This paragraph specifies what settlements are relevant settlements in...

s.sch004c

Section 87B (remittance basis) applies in relation to chargeable gains...

s.sch004c

(1) The following rules apply as regards the attribution of...

s.sch004c

(1) Where in a year of assessment—

s.sch004c

(1) For the purposes of paragraph 8 (and section 87A...

s.sch004za

The trustees of a settlement (the “principal settlement”) may elect...

s.sch004za

A sub-fund election must be made— (a) by notice to...

s.sch004za

A sub-fund election may not be made after the second...

s.sch004za

A sub-fund election must contain— (a) a declaration by each...

s.sch004za

A sub-fund election may not be revoked.

s.sch004za

Where a sub-fund election has been made, an officer of...

s.sch004za

The notice shall specify a period of not less than...

s.sch004za

(1) The persons mentioned in paragraph 14 are—

s.sch004za

The sub-fund settlement shall be treated, for the purposes of...

s.sch004za

(1) Each trustee of the trusts on which the property...

s.sch004za

The trustees of the sub-fund settlement shall be treated for...

s.sch004za

(1) A deemed disposal by the trustees of the principal...

s.sch004za

If the trustees of the sub-fund settlement are treated by...

s.sch004za

(1) If the trustees of the principal settlement are deemed...

s.sch004za

Trustees may make a sub-fund election only if—

s.sch004za

Condition 1 is that the principal settlement is not itself...

s.sch004za

Condition 2 is that the sub-fund is not the whole...

s.sch004za

Condition 3 is that, if the sub-fund election had taken...

s.sch004za

For the purpose of Condition 3— (a) section 104(1) shall...

s.sch004za

Condition 4 is that, if the sub-fund election had taken...

s.sch004za

(1) For the purpose of Condition 4 a person is...

s.sch004zza

Relevant high value disposals: gains and losses

s.sch004zza

(1) This Schedule applies for the purposes of determining in...

s.sch004zza

(1) In Cases 1 to 3 below—

s.sch004zza

(1) An amount equal to the relevant fraction of the...

s.sch004zza

(1) The gain or loss accruing on the relevant high...

s.sch004zza

(1) A person may make an election under this paragraph...

s.sch004zza

(1) This paragraph applies if— (a) an election is made...

s.sch004zza

(1) This paragraph applies where conditions A and B are...

s.sch004zza

(1) This paragraph applies where, as a result of a...

s.sch004zza

(1) Sub-paragraph (2) applies where it is necessary, in computing...

s.sch004zza

(1) Sub-paragraph (2) applies where it is to be assumed...

s.sch004zzb

Non-resident CGT disposals: gains and losses

s.sch004zzb

(1) This Schedule applies for the purpose of determining, in...

s.sch004zzb

(1) Sub-paragraph (2) applies where the non-resident CGT disposal referred...

s.sch004zzb

(1) This Part is about non-resident CGT disposals which are,...

s.sch004zzb

(1) This Part of this Schedule applies where—

s.sch004zzb

(1) This paragraph applies where— (a) the disposed of interest...

s.sch004zzb

(1) This paragraph applies where— (a) P makes, or has...

s.sch004zzb

(1) This paragraph applies where— (a) the disposed of interest...

s.sch004zzb

(1) The gain or loss on the disposal of land...

s.sch004zzb

(1) This paragraph applies in relation to a relevant high...

s.sch004zzb

(1) In the case of a relevant high value disposal...

s.sch004zzb

(1) The amount of the balancing gain or loss on...

s.sch004zzb

(1) A person (“P”) making a non-resident CGT disposal of...

s.sch004zzb

(1) This paragraph applies where the disposals comprised in the...

s.sch004zzb

(1) Sub-paragraph (2) applies where the non-resident CGT disposal made...

s.sch004zzb

This Part of this Schedule applies where the person making...

s.sch004zzb

The following amounts are computed as if the computation were...

s.sch004zzb

(1) Sub-paragraph (2) applies where it is necessary, for the...

s.sch004zzb

(1) Sub-paragraph (2) applies where it is to be assumed...

s.sch004zzb

In this Schedule— “ chargeable interest ” has the same...

s.sch004zzb

(1) An election under paragraph 2(1) is irrevocable (and where...

s.sch004zzb

(1) This Part of this Schedule applies where a person...

s.sch004zzb

(1) Paragraphs 6 to 8 apply where—

s.sch004zzb

(1) The NRCGT gain or loss accruing on the disposal...

s.sch004zzb

The gain or loss accruing on the disposal which is...

s.sch004zzb

(1) Where the non-resident CGT disposal is of (or of...

s.sch004zzb

(1) This paragraph applies if— (a) the disposed of interest...

s.sch004zzc

Disposals of residential property interests: gains and losses

s.sch004zzc

(1) In this Schedule “ RPI disposal ” means a...

s.sch004zzc

(1) This paragraph applies to a relevant high value disposal...

s.sch004zzc

(1) This paragraph applies to a relevant high value disposal...

s.sch004zzc

(1) Take the following steps— Step 1 Determine the amount...

s.sch004zzc

(1) This paragraph applies for the purposes of Step 1...

s.sch004zzc

(1) This paragraph applies for the purposes of Step 2...

s.sch004zzc

(1) This paragraph applies for the purposes of computing the...

s.sch004zzc

(1) The gain or loss on the disposal of land...

s.sch004zzc

(1) In the case of a relevant high value disposal...

s.sch004zzc

(1) The amount of the balancing gain or loss on...

s.sch004zzc

(1) This paragraph applies where the disposals comprised in the...

s.sch004zzc

(1) For the purposes of this Schedule, a relevant high...

s.sch004zzc

(1) This paragraph applies where the RPI disposal made by...

s.sch004zzc

(1) This Part of this Schedule applies where a person...

s.sch004zzc

(1) The residential property gain or loss accruing on the...

s.sch004zzc

The gain or loss accruing on the disposal which is...

s.sch004zzc

(1) This paragraph applies where the disposal referred to in...

s.sch004zzc

(1) This Part of this Schedule applies where—

s.sch004zzc

(1) This paragraph applies for the interpretation of this Part...

s.sch004zzc

(1) The residential property gain or loss accruing on the...

s.sch005

(1) In construing section 86(1)(e) as regards a particular year...

s.sch005

An inspector may by notice require any person who is...

s.sch005

(1) This paragraph applies if— (a) a settlement has been...

s.sch005

(1) This paragraph applies if a settlement is created on...

s.sch005

(1) This paragraph applies if— (a) the trustees of a...

s.sch005

(1) Nothing in paragraph 11, 12 or 13 above shall...

s.sch005

(1) For the purposes of section 86(1)(d) a settlor has...

s.sch005

(1) In determining for the purposes of section 86(1)(d) whether...

s.sch005

Section 86 does not apply if the settlor dies in...

s.sch005

(1) This paragraph applies where for the purposes of section...

s.sch005

(1) This paragraph applies where for the purposes of section...

s.sch005

(1) Section 86 does not apply in relation to a...

s.sch005

(1) This paragraph applies for the purposes of Condition D...

s.sch005

(1) This paragraph applies if— (a) the trustees of the...

s.sch005

(1) This paragraph applies where any tax becomes chargeable on,...

s.sch005

For the purposes of section 86 and this Schedule, a...

s.sch005

(1) References in section 86 and this Schedule to property...

s.sch005

(1) A settlement created on or after 19th March 1991...

s.sch005a

In this Schedule “ the commencement day ” means the...

s.sch005a

(1) This paragraph applies if a settlement is created on...

s.sch005a

(1) This paragraph applies if a settlement is created on...

s.sch005a

(1) This paragraph applies if— (a) the trustees of a...

s.sch005a

(1) Nothing in paragraph 2, 3, 4 or 5 above...

s.sch005aa

In section 136 “ scheme of reconstruction ” means a...

s.sch005aa

The first condition is that the scheme involves the issue...

s.sch005aa

(1) The second condition is that under the scheme the...

s.sch005aa

(1) The third condition is that the effect of the...

s.sch005aa

The fourth condition is that— (a) the scheme is carried...

s.sch005aa

Where a reorganisation of the share capital of the original...

s.sch005aa

An issue of shares in or debentures of the successor...

s.sch005aa

(1) In this Schedule “ ordinary share capital ” has...

s.sch005aaa

(1) In this Schedule “ collective investment vehicle ” means—...

s.sch005aaa

(1) This paragraph applies if an election under paragraph 8...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) An election may be made for a collective investment...

s.sch005aaa

(1) For the purposes of paragraph 12(2), a collective investment...

s.sch005aaa

(1) An election under paragraph 12 has effect only if...

s.sch005aaa

(1) An election under paragraph 12 has effect subject to...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) An election under paragraph 12— (a) must be made...

s.sch005aaa

(1) In addition to the case set out in paragraph...

s.sch005aaa

(1) In this Schedule “ offshore collective investment vehicle ”...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if at any time an election...

s.sch005aaa

(1) This paragraph applies if a disposal of an asset...

s.sch005aaa

(1) This paragraph applies if a disposal is deemed to...

s.sch005aaa

(1) A person who fails to comply with paragraph 25...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if paragraph 28 has applied in...

s.sch005aaa

(1) For the purposes of this Schedule the question whether...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies if— (a) an election under paragraph...

s.sch005aaa

(1) This paragraph applies in the case of—

s.sch005aaa

(1) If— (a) an election under paragraph 12 has been...

s.sch005aaa

(1) This paragraph applies if— (a) a gain or loss...

s.sch005aaa

(1) Nothing in this Part of this Schedule is to...

s.sch005aaa

(1) This paragraph applies if— (a) a gain accrues on...

s.sch005aaa

(1) If— (a) a person disposes of a right or...

s.sch005aaa

(1) For the purposes of Part of this Schedule a...

s.sch005aaa

(1) In this Part of this Schedule “the relevant fund”—...

s.sch005aaa

(1) This paragraph applies to an offshore collective investment vehicle—...

s.sch005aaa

(1) For the purposes of this Part of this Schedule...

s.sch005aaa

(1) For the purposes of this Part of this Schedule...

s.sch005aaa

In this Part of this Schedule “ designated HMRC officer...

s.sch005aaa

(1) The Treasury may by regulations make provision for managers...

s.sch005aaa

(1) The Treasury may by regulations make provision for managers...

s.sch005aaa

(1) Regulations under this Part of this Schedule—

s.sch005aaa

(1) This paragraph has effect for the purposes of the...

s.sch005aaa

(1) This paragraph applies, in the case of a collective...

s.sch005aaa

(1) In this Schedule— “company UK REIT” has the same...

s.sch005aaa

(1) The Treasury may by regulations make provision for the...

s.sch005aaa

(1) This paragraph applies in the case of an offshore...

s.sch005aaa

(1) This paragraph applies in the case of an offshore...

s.sch005aaa

(1) This paragraph applies to a unit in an authorised...

s.sch005aaa

Nothing in paragraph 14 requires information about disposals made before...

s.sch005aaa

(1) This paragraph applies, in the case of a collective...

s.sch005aaa

(1) This paragraph applies if— (a) a person disposes of...

s.sch005aaa

(1) This paragraph applies to a disposal which would otherwise...

s.sch005aaa

Overseas life insurance companies

s.sch005aaa

Offshore collective investment vehicles (other than UK feeder vehicles) that meet the conditions in paragraph 7(2)(a) and (b)

s.sch005aaa

(1) This paragraph applies to an offshore collective investment vehicle—...

s.sch005aaa

(1) An election under paragraph 8 in relation to an...

s.sch005aza

In sections 103H and 103I, “scheme of reconstruction” means a...

s.sch005aza

(1) A scheme (“the relevant scheme”) is within this paragraph...

s.sch005aza

(1) The first condition is that the relevant scheme involves...

s.sch005aza

(1) The second condition is that under the relevant scheme...

s.sch005aza

Where a reorganisation of the units in an original collective...

s.sch005aza

An issue of units in any successor collective investment scheme...

s.sch005b

Enterprise investment scheme: re-investment

s.sch005b

(1) This Schedule applies where— (a) there would (apart from...

s.sch005b

(1) An individual to whom any eligible shares in a...

s.sch005b

(1) Where an individual subscribes for eligible shares (“the shares")...

s.sch005b

(1) Where an individual subscribes for eligible shares (“the shares”)...

s.sch005b

(1) Sub-paragraph (2) below applies where an individual subscribes for...

s.sch005b

(1) Where an individual who subscribes for eligible shares (“the...

s.sch005b

(1) For the purposes of paragraph 13 above, the value...

s.sch005b

(1) Where— (a) by reason of a receipt of value...

s.sch005b

(1) The receipt of the replacement value by the original...

s.sch005b

(1) Sub-paragraph (2) below applies where an individual subscribes for...

s.sch005b

(1) Sub-paragraph (4) below applies where, by reason of a...

s.sch005b

(1) Any repayment shall be disregarded for the purposes of...

s.sch005b

(1) Where at any time in the relevant period an...

s.sch005b

(1) Subject to the following provisions of this paragraph, this...

s.sch005b

(1) Paragraphs 13 to 13C and 15 above shall have...

s.sch005b

(1) For the purposes of this Schedule— “ 51 per...

s.sch005b

(1) If the condition in sub-paragraph (2)(b) or (2)(da) of...

s.sch005b

(1) On the making of a claim by the investor...

s.sch005b

(1) Subject to the following provisions of this paragraph, there...

s.sch005b

(1) On the occurrence of a chargeable event in relation...

s.sch005b

(1) The chargeable gain which accrues, in accordance with paragraph...

s.sch005b

(1) Subject to sub-paragraph (2) below, section 306 of the...

s.sch005b

(1) Where an individual holds shares which form part of...

s.sch005b

(1) This paragraph applies where— (a) a company (“the new...

s.sch005b

(1) This paragraph applies if section 135 or 136 (company...

s.sch005bb

Seed enterprise investment scheme: re-investment

s.sch005bb

(1) Sub-paragraph (5) applies where conditions A to C are...

s.sch005bb

(1) Sub-paragraph (2) applies if the investor's tax reduction under...

s.sch005bb

(1) Section 257EA of ITA 2007 (time for making claims...

s.sch005bb

(1) References in this Schedule to the SEIS re-investment relief...

s.sch005bb

(1) This paragraph applies where in respect of shares issued...

s.sch005bb

(1) This paragraph applies if— (a) shares to which an...

s.sch005bb

(1) All such adjustments of capital gains tax are to...

s.sch005bb

(1) In this Schedule— “ bonus shares ” means shares...

s.sch005cn

(1) On the making of a claim by the investor...

s.sch005cn

(1) Subject to the following provisions of this paragraph, there...

s.sch005cn

(1) On the occurrence of a chargeable event in relation...

s.sch005cn

(1) The chargeable gain which accrues in accordance with paragraph...

s.sch005cn

(1) In this Schedule “non-resident” means a person who is...

s.sch006

Retirement relief etc.

s.sch007

(1) This paragraph applies where— (a) there is a disposal...

s.sch007

(1) If— (a) the trustees of a settlement make a...

s.sch007

(1) This paragraph applies where— (a) there is a disposal...

s.sch007

(1) The provisions of this Part of this Schedule apply...

s.sch007

(1) If, in the case of a disposal of an...

s.sch007

(1) If, in the case of a disposal of an...

s.sch007

(1) If in the case of a disposal of shares...

s.sch007

(1) If, in the case of a disposal of an...

s.sch007a

Restriction on set-off of pre-entry losses

s.sch007a

(1) This Schedule shall have effect, in the case of...

s.sch007a

Where, but for an election under subsection (3) of section...

s.sch007a

Section 161(3ZB)(a) and (b) does not apply to a loss...

s.sch007a

(1) This paragraph applies where provision has been made by...

s.sch007a

For the purposes of this Schedule, and without prejudice to...

s.sch007a

(1) Subject to paragraphs 3 to 5 below, the pre-entry...

s.sch007a

(1) This paragraph shall apply (subject to paragraphs 4 and...

s.sch007a

(1) This paragraph shall apply if— (a) there is a...

s.sch007a

(1) Subject to paragraph 4(5) above and the following provisions...

s.sch007a

(1) In the calculation of the amount to be included...

s.sch007a

(1) A pre-entry loss that accrued to a company before...

s.sch007a

(1) If— (a) within any period of three years, a...

s.sch007a

(1) This paragraph shall apply where there is more than...

s.sch007aa

Restrictions on setting losses against pre-entry gains

s.sch007aa

(1) This Schedule applies in the case of any company...

s.sch007aa

(1) Notwithstanding anything in section 8 or Schedule 7A, the...

s.sch007aa

(1) For the purposes of paragraph 2 above the adjusted...

s.sch007aa

(1) Any amount which, in the case of the relevant...

s.sch007aa

(1) This paragraph applies where— (a) any holding of securities...

s.sch007aa

(1) This paragraph applies in relation to any allowable loss...

s.sch007aa

Where— (a) a chargeable gain or allowable loss is treated...

s.sch007ac

Exemptions for disposals by companies with substantial shareholding

s.sch007ac

(1) A gain accruing to a company (“ the investing...

s.sch007ac

(1) For the purposes of this Part the period for...

s.sch007ac

(1) For the purposes of this Part a company is...

s.sch007ac

(1) This paragraph applies where— (a) a company (“ the...

s.sch007ac

(1) This paragraph applies where— (a) a company that holds...

s.sch007ac

(1) This paragraph applies where shares in one company (“...

s.sch007ac

(1) This paragraph applies where shares in one company (“...

s.sch007ac

(1) For the purposes of this Part, the period for...

s.sch007ac

Where assets of the investing company, or of a company...

s.sch007ac

(1) In the following two cases paragraph 8(1) (meaning of...

s.sch007ac

(1) The investing company must— (a) have been a sole...

s.sch007ac

(1) The company invested in must— (a) have been a...

s.sch007ac

(1) A gain accruing to a company (“ company A...

s.sch007ac

(1) In this Schedule “ trading company ” means a...

s.sch007ac

(1) In this Schedule “ trading group ” means a...

s.sch007ac

(1) In this Schedule “ trading subgroup ” means a...

s.sch007ac

(1) This paragraph applies where a company (“ the company...

s.sch007ac

(1) For the purposes of this Schedule a company is...

s.sch007ac

The provisions of— (a) paragraph 14 (effect of earlier company...

s.sch007ac

(1) In this Schedule— (a) “ company ” has the...

s.sch007ac

In this Schedule “ trade ” means anything that—

s.sch007ac

For the purposes of this Schedule a “ twelve-month period...

s.sch007ac

(1) References in this Schedule to an interest in shares...

s.sch007ac

(1) A gain accruing to a company (“ company A...

s.sch007ac

(1) This paragraph explains what is meant by an asset...

s.sch007ac

(1) In this Schedule “ qualifying institutional investor ” means...

s.sch007ac

In this Schedule the expressions listed below are defined or...

s.sch007ac

Any exemption conferred by this Schedule shall be disregarded in...

s.sch007ac

(1) This paragraph applies where— (a) a company makes a...

s.sch007ac

(1) The exemptions conferred by this Schedule do not apply...

s.sch007ac

(1) This paragraph applies where— (a) a company disposes of...

s.sch007ac

(1) Where— (a) an asset acquired by a company otherwise...

s.sch007ac

(1) This paragraph applies where— (a) a company disposes of...

s.sch007ac

(1) Where— (a) a company, as a result of ceasing...

s.sch007ac

(1) No gain or loss shall be treated as arising...

s.sch007ac

(1) This paragraph applies in relation to a gain or...

s.sch007ac

(1) This paragraph applies for the purposes of paragraph 3A....

s.sch007ac

(1) For the purposes of determining whether an exemption conferred...

s.sch007ac

(1) Where in pursuance of arrangements to which this paragraph...

s.sch007ac

(1) The exemptions conferred by this Schedule do not apply—...

s.sch007ac

The investing company must have held a substantial shareholding in...

s.sch007ac

(1) For the purposes of this Schedule a company holds...

s.sch007ac

(1) This paragraph applies in a case where at least...

s.sch007ac

(1) For the purposes of paragraphs 7 and 8A(2) (the...

s.sch007ad

Gains of insurance company from venture capital investment partnership

s.sch007ad

This Schedule applies where the assets held by an insurance...

s.sch007ad

(1) In this Schedule— “insurance company”, “long-term business” and “long-term...

s.sch007ad

(1) Subject to paragraph 12 (election to remain outside Schedule),...

s.sch007ad

If the company— (a) became a member of the partnership...

s.sch007ad

(1) A “venture capital investment partnership” means a partnership in...

s.sch007ad

(1) Where this Schedule applies section 59 (partnerships) does not...

s.sch007ad

(1) The company is treated as having given, wholly and...

s.sch007ad

(1) There is a disposal of the single asset on...

s.sch007ad

(1) For the purposes of section 42 (apportionment of cost...

s.sch007ad

(1) Nothing in this Schedule shall be read as affecting...

s.sch007ad

No claim may be made in respect of the single...

s.sch007ad

(1) For the purposes of paragraph 2 (meaning of “venture...

s.sch007b

Modification of Act in relation to overseas life insurance companies

s.sch007c

Relief for transfers to Schedule 2 share plans

s.sch007c

(1) A person (“the claimant”) who makes a disposal of...

s.sch007c

(1) The first condition is that, at the time of...

s.sch007c

(1) This sub-paragraph applies if the claimant obtains consideration for...

s.sch007c

(1) This paragraph applies for the purposes of paragraphs 2...

s.sch007c

(1) Where the claimant is entitled to claim relief under...

s.sch007c

(1) Sub-paragraph (2) applies where— (a) a claim is made...

s.sch007c

(1) Sub-paragraph (2) applies where— (a) a claim is made...

s.sch007c

For the purposes of this Schedule an asset is a...

s.sch007d

... Share schemes and share incentives

s.sch007d

(1) The provisions of this Part of this Schedule apply...

s.sch007d

(1) This paragraph applies where— (a) a share option (“the...

s.sch007d

(1) This Part of this Schedule forms part of the...

s.sch007d

(1) This paragraph applies where an amount (the “employment income...

s.sch007d

(1) This paragraph applies where— (a) the individual exercises the...

s.sch007d

(1) Any gain accruing to the trustees is not a...

s.sch007d

(1) Sub-paragraph (2) applies to any shares awarded to a...

s.sch007d

(1) For the purposes of Chapter 1 of Part 4...

s.sch007d

(1) Shares which cease to be subject to the plan...

s.sch007d

(1) If at any time the participant’s beneficial interest in...

s.sch007d

(1) If any of the participant’s plan shares are forfeited,...

s.sch007d

(1) Any gain accruing on the disposal of rights under...

s.sch007d

(1) This Part of this Schedule forms part of the...

s.sch007za

Business asset disposal relief : “trading company” and “trading group”

s.sch007za

(1) This paragraph gives the meaning of “trading company” and...

s.sch007za

P's “indirect voting rights percentage” is found by—

s.sch007za

The percentage of the voting rights in a joint venture...

s.sch007za

(1) The fraction of the voting rights in the joint...

s.sch007za

(1) In relation to a disposal of assets consisting of...

s.sch007za

(1) This paragraph applies for the purposes of this Part....

s.sch007za

P passes the profits and assets test in relation to...

s.sch007za

P's “share of the partnership through direct interest companies that...

s.sch007za

The percentage which is P's indirect share of the partnership...

s.sch007za

P's “share of the partnership through direct interest companies and...

s.sch007za

The percentage which is P's indirect share of the partnership...

s.sch007za

In provisions of Chapter 3 of Part 5 not mentioned...

s.sch007za

(1) The fraction of a company's ordinary share capital that...

s.sch007za

(1) P passes the voting rights test in relation to...

s.sch007za

The percentage which is P's indirect holding of voting rights...

s.sch007za

(1) The fraction of the voting rights in a company...

s.sch007za

(1) In the case of a material disposal of business...

s.sch007za

“ The relevant period ” means— (a) for the purposes...

s.sch007za

(1) Terms used in this Schedule which are defined in...

s.sch007za

In relation to a disposal of assets consisting of (or...

s.sch007za

(1) For the purposes of this Part, a company is...

s.sch007za

P passes the shareholding test in relation to a joint...

s.sch007za

P's “indirect shareholding percentage” is found by—

s.sch007za

The percentage of the ordinary share capital of a joint...

s.sch007za

(1) The fraction of the joint venture company's ordinary share...

s.sch007za

P passes the voting rights test in relation to a...

s.sch007zb

Investors' relief: disqualification of shares

s.sch007zb

(1) Sub-paragraph (2) applies where— (a) shares in a company...

s.sch007zb

(1) For the purposes of this Schedule the investor receives...

s.sch007zb

(1) For the purposes of paragraph 1, the value received...

s.sch007zb

(1) Where— (a) by reason of a receipt of value...

s.sch007zb

(1) The receipt of the replacement value by the original...

s.sch007zb

In this Schedule— “ arrangements ” includes any scheme, agreement,...

s.sch008

(1) A lease of land shall not be a wasting...

s.sch008

(1) In this Act, unless the context otherwise requires “lease”...

s.sch008

(1) Subject to this Schedule where the payment of a...

s.sch008

(1) This paragraph applies in relation to a lease of...

s.sch008

(1) In the computation of the gain accruing on the...

s.sch008

(1) Where by reference to any premium any amount is...

s.sch008

(1) If under section 292 of ITTOIA 2005 or section...

s.sch008

If— (a) under section 277 of ITTOIA 2005 any amount...

s.sch008

References in paragraphs 5 to 7 above to an amount...

s.sch008

(1) In ascertaining for the purposes of this Act the...

s.sch008

(1) Paragraphs 2, 3, 4 and 8 of this Schedule...

s.sch008a

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.sch008a

(1) This Schedule applies where— (a) an individual makes a...

s.sch008a

(1) This paragraph applies where the section 37 amount constitutes...

s.sch008a

(1) This paragraph applies where the section 37 amount constitutes...

s.sch008a

In this Schedule— “ debt costs ” means the sums...

s.sch008b

Hold-over relief for gains re-invested in social enterprises

s.sch008b

(1) This Schedule applies if— (a) a chargeable gain accrues...

s.sch008b

(1) This Schedule also applies if— (a) a chargeable gain...

s.sch008b

(1) In the following provisions of this Schedule— “ the...

s.sch008b

(1) This paragraph applies if there has been a reduction...

s.sch008b

(1) A chargeable event occurs in relation to an asset...

s.sch008b

(1) This paragraph applies where a chargeable gain is treated...

s.sch008b

(1) Sections 257P(1), 257PA(1) and 257PB to 257PD of ITA...

s.sch009

Gilt-edged securities

s.sch009

For the purposes of this Act “gilt-edged securities” means the...

s.sch009

(1) Any security which is a strip of a security...

s.sch009

The Treasury shall cause particulars of any order made under...

s.sch009

Section 14(b) of the Interpretation Act 1978 (implied power to...

s.sch010

Consequential amendments

s.sch010

In section 74 of the Post Office Act 1969 for...

s.sch010

(1) In paragraph 2 of Schedule 2 to the Trustee...

s.sch010

In section 130— (a) in subsection (3) for “Capital Gains...

s.sch010

In section 77(2) of the Airports Act 1986 for “272(5)...

s.sch010

In section 60(2) of the Gas Act 1986 for “272(5)...

s.sch010

(1) The Income and Corporation Taxes Act 1988 shall have...

s.sch010

In section 11(2) of the British Steel Act 1988 for...

s.sch010

(1) The Finance Act 1988 shall have effect subject to...

s.sch010

In section 6(2) of the Health and Medicines Act 1988...

s.sch010

In section 95 of the Water Act 1989—

s.sch010

(1) In section 69(9) of the Finance Act 1989 for...

s.sch010

(1) The Taxes Management Act 1970 shall have effect subject...

s.sch010

(1) In paragraph 2 of Schedule 11 to the Electricity...

s.sch010

(1) The following section shall be inserted in the Capital...

s.sch010

(1) The Finance Act 1990 shall have effect subject to...

s.sch010

In section 72(4) of the Finance Act 1991 for “5(1)...

s.sch010

(1) In section 16 of the Ports Act 1991 for...

s.sch010

In section 12(2) of the British Technology Group Act 1991...

s.sch010

(1) In section 38(2) of the Finance Act 1973 for...

s.sch010

In section 12(2) of the British Aerospace Act 1980 for...

s.sch010

In section 82(1) for “Capital Gains Tax Act 1979” and...

s.sch010

In Group 11 of Schedule 6 to the Value Added...

s.sch010

In section 72(2) of the Telecommunications Act 1984 for “272(5)...

s.sch010

(1) The Inheritance Tax Act shall have effect subject to...

s.sch010

In section 81 for “Capital Gains Tax Act 1979” there...

s.sch011

Transitional provisions and savings

s.sch011

(1) This Part of this Schedule has effect in cases...

s.sch011

(1) Section 30 applies only where the reduction in value...

s.sch011

(1) In this paragraph references to a disposal chargeable under...

s.sch011

Where no relief from income tax (for a year earlier...

s.sch011

(1) This paragraph applies where, in pursuance of permission granted...

s.sch011

(1) The sums allowable as a deduction under section 38(1)(a)...

s.sch011

So far as material for the purposes of this or...

s.sch011

(1) Part IV of this Act has effect subject to...

s.sch011

(1) Where betterment levy charged in the case of any...

s.sch011

Without prejudice to section 289 or Part III of this...

s.sch011

The reference in section 222(5)(a) to a notice given by...

s.sch011

(1) Where sub-paragraph (1) above applies for the purpose of...

s.sch011

The repeals made by this Act do not affect the...

s.sch011

The substitution of this Act for the corresponding enactments repealed...

s.sch011

Nothing in the repeals made by this Act shall affect...

s.sch011

So far as this Act re-enacts any provision contained in...

s.sch011

(1) The repeal by this Act of the Income and...

s.sch011

The provisions of this Part of this Schedule are without...

s.sch011

(1) The substitution of this Act for the enactments repealed...

s.sch011

Where the acquisition or provision of any asset by one...

s.sch011

Where under any Act passed before this Act and relating...

s.sch011

(1) The continuity of the law relating to the taxation...

s.sch011

Section 273 shall apply for the purposes of determining the...

s.sch011

(1) This paragraph applies if, in a case where the...

s.sch011

(1) In any case where— (a) before 6th July 1973...

s.sch011

(1) For the purpose of ascertaining the market value of...

s.sch011

(1) For the purposes of ascertaining the market value of...

s.sch011

In any case where this Part applies, section 272(2) shall...

s.schedule/7d/paragraph/

schedule/7D/paragraph/

s.schedule b1 para.1

(1) For the purposes of this Act, the disposal by...

s.schedule b1 para.10

(1) For the purposes of this Schedule, the “completion” of...

s.schedule b1 para.2

(1) In this Schedule, “ interest in UK land ”...

s.schedule b1 para.3

(1) Sub-paragraph (2) applies where— (a) a person (“P”) grants...

s.schedule b1 para.4

(1) For the purposes of this Schedule, a building counts...

s.schedule b1 para.5

(1) The Treasury may by regulations amend paragraph 4 for...

s.schedule b1 para.6

(1) Sub-paragraph (2) applies where a person disposes of an...

s.schedule b1 para.7

A building is regarded as ceasing to exist from the...

s.schedule b1 para.8

(1) This paragraph applies where a person disposes of an...

s.schedule b1 para.9

(1) The condition in paragraph 8(4)(b) is taken to have...

s.schedule ba1 para.1

(1) For the purposes of this Act, the disposal by...

s.schedule ba1 para.2

(1) In this Schedule “ interest in non-UK land ”...

s.schedule ba1 para.3

(1) Sub-paragraph (2) applies where— (a) a person (“P”) grants...

s.schedule ba1 para.4

(1) Paragraph 4 of Schedule B1 (meaning of “dwelling”), read...

s.schedule ba1 para.5

In this Schedule “ land ” includes a building.

s.schedule c1 para.1

This Part of this Schedule sets out the rules for...

s.schedule c1 para.10

(1) This Part of this Schedule sets out the rules...

s.schedule c1 para.11

(1) A scheme is a widely-marketed scheme at any time...

s.schedule c1 para.12

In this Part of this Schedule— “ open-ended investment company...

s.schedule c1 para.2

(1) “ Closely-held company ” means a company in relation...

s.schedule c1 para.3

(1) This paragraph applies for the purposes of paragraph 2(3)....

s.schedule c1 para.4

(1) This paragraph applies for the purpose of determining whether,...

s.schedule c1 para.5

(1) A company is not to be treated as a...

s.schedule c1 para.6

(1) Sub-paragraph (2) applies where a participator in a company...

s.schedule c1 para.7

(1) For the purposes of this Schedule, a person (“P”)...

s.schedule c1 para.8

(1) This paragraph applies for the purposes of paragraph 7....

s.schedule c1 para.9

In this Part of this Schedule— “ diversely-held company ”...

s.schedule d1 para.1

Claim for relief for qualifying new residents

s.schedule d1 para.2

Relief for qualifying foreign gains

s.schedule d1 para.3

Relief in respect of deemed gains under section 86

s.schedule d1 para.4

Relief in respect of deemed gains under sections 87 and 89(2) and Schedule 4C

s.schedule d1 para.5

Other effects of claim

s.schedule d1 para.6

Interpretation of Schedule

s.033

Provisions supplementary to sections 30 to 32.

s.034

Transactions treated as a reorganisation of share capital.

s.application of taper relief

Application of taper relief

s.table of derivations note: the following abbreviat

TABLE OF DERIVATIONS Note: The following abbreviations are used in this Table: