Stop your sole trader business
- 3 steps
UK Act of Parliament
1992
United Kingdom
Taxation of Chargeable Gains Act 1992
At a glance
Enforced by
What's here
3 compliance obligations, 10 practical guides across 4 topics · 8 journeys
Penalty landscape
1 of 3 obligations carry an unlimited fine. 2 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 2
- Any Person 1
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Explore business rescue and insolvency options
- 2 steps
Transfer ownership of your business
- 1 step
Sell your business
- 2 steps
Change your business structure
- 2 steps
Close your company
- 2 steps
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Direct — cites this Act
4 guidesSupporting — topic alignment
3 guidesMentioned in related content
3 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 219 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 952 duties
- TULRCA 1992 1992 39 duties
- Companies Act 2006 2006 39 duties
- Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 2013 39 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
Any Person also bound by 749 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 110 duties
- Licensing Act 2003 2003 105 duties
- Merchant Shipping Act 1995 1995 97 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 86 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part I — Capital gains tax and corporation tax on chargeable gains
Browse 34 other sections in this Part — procedural / definitional / commencement
Non-UK residents: assets deriving 75% of value from UK land etc
Allowable losses to be used in most beneficial way etc
Gains accruing to UK resident individuals in split years
Income taxed at higher rates or gains exceeding unused basic rate band
Increasing annual exempt amount to reflect increases in CPI
Company's total profits to include chargeable gains
Territorial scope of charge to corporation tax on chargeable gains
Non-UK resident company with UK permanent establishment
Application of CGT principles in calculating gains and losses
References to income tax or Income Tax Acts in case of companies
Interaction of capital gains tax and corporation tax
Gains attributed to UK resident individuals etc
Participators and their interests
Prevention of double UK taxation
Individuals who were non-UK domiciled
Temporary non-residents
Supplementary provisions
Section 4: special cases
Rates, and use of unused basic rate band, in certain cases
Accumulation and discretionary settlements.
Other special cases.
Residence, including temporary residence.
Non-resident with United Kingdom branch or agency.
Temporary non-residents.
Visiting forces and official agents
Attribution of gains to members of non-resident companies.
Section 13(5): interpretation
Section 13: non-UK domiciled individuals
Meaning of “non-resident CGT disposal”
Meaning of “disposal of a UK residential property interest”
Persons chargeable to capital gains tax on NRCGT gains
Further provision about use of NRCGT losses
Section 14F: divided companies
Section 14F: arrangements for avoiding tax
Part II — General Provisions relating to computation of gains and acquisitions and disposals of assets
Browse 38 other sections in this Part — procedural / definitional / commencement
Computation of losses.
Losses: non-UK domiciled individuals
Individual who has made election under section 16ZA: foreign chargeable gains remitted in tax year after tax year in which accrue
Individual who has made election under section 16ZA and to whom remittance basis applies
Section 16ZC: supplementary
Transactions between connected persons.
Original market value and aggregate market value for purposes of section 19.
Disposal where capital sums derived from assets.
Receipt of compensation and insurance money not treated as a disposal.
Structures and buildings contributions allowances: destruction of asset
Long funding leases of plant or machinery: deemed disposals
Mortgages and charges not to be treated as disposals.
Transfers in respect of dormant assets
Time of disposal and acquisition where asset disposed of under contract.
Contracts completed after ordinary notification period
General provisions.
Disposal of shares or securities by a company
Assets held on 31st March 1982 (including assets held on 6th April 1965).
Deferred charges on gains before 31st March 1982.
Re-basing in relation to direct or indirect disposals of UK land
Consideration on disposal of certain leases
Exclusion of certain expenditure: structures and buildings allowances
Interest charged to capital.
Restriction of losses by reference to capital allowances and renewals allowances.
Part disposals.
Exemption for certain wasting assets.
Exemption for certain disposals under, or after leaving, cash basis
Disposals made by persons after leaving cash basis
Consideration due after time of disposal.
Contingent liabilities.
Expenditure reimbursed out of public money.
Supplemental.
Chapter to apply only for corporation tax purposes
The indexation allowance and interpretative provisions.
Calculation of indexation allowance.
Receipts etc. which are not treated as disposals but affect relevant allowable expenditure.
Gains and losses on relevant high value disposals
Gains and losses on disposals of residential property interests
Part III — Individuals, partnerships, trusts and collective investment schemes etc
Exemption for authorised unit trusts etc.
Amended 8 timesExemption for certain EEA UCITS
Amended 8 timesTransfer of company’s assets to investment trust.
Amended 2 timesTransfer within group to investment trust.
Amended 2 timesTransfer of company’s assets to venture capital trust.
Amended 2 timesCollective investment schemes with property divided into separate parts.
Amended 4 timesRestriction on availability of indexation allowance.
Amended 2 timesApplication of Act to certain offshore funds
Amended 2 timesApplication of Act to tax transparent funds
Amended 2 timesTax transparent funds: share pooling etc
Amended 2 timesApplication of Chapter
Amended 2 timesExchanges of units for units in the same scheme
Amended 2 timesExchange of units for those in another collective investment scheme
Amended 2 timesScheme of reconstruction involving issue of units
Amended 2 timesScheme of reconstruction involving conversion scheme
Amended 2 timesSupplementary provisions
Amended 2 timesRestriction on application of sections 103G, 103H and 103I
Amended 2 timesCarried interest
Amended 2 timesCarried interest: avoidance of double taxation
Amended 2 times- Claim for tax adjustments to avoid double taxation on carried interest Trader
Relief for external investors on disposal of partnership asset
Amended 2 timesElection for carried interest gains to be chargeable as scheme profits arise
Amended 2 timesElection in relation to scheme to apply to associated schemes
Amended 2 timesInteraction with other charges
Amended 2 times- Claim tax adjustments to avoid double taxation on carried interest Trader
Deemed accrual of loss where carried interest never arises
Amended 2 timesAnti-avoidance
Amended 2 timesMeaning of “arise” in Chapter 5
Amended 2 timesInterpretation of Chapter 5
Amended 2 timesBrowse 52 other sections in this Part — procedural / definitional / commencement
Spouses and civil partners.
Limited liability partnerships.
Limited liability partnerships: deemed disposal
Alternative investment managers (2)
Death: application of law in Scotland.
Death: application of law in Northern Ireland
Liability for tax of trustees or personal representatives.
Insolvents’ assets.
Provisions applicable where section 79 of the Finance Act 1980 has applied.
Variation of will or intestacy, etc: identification of settlor
Trustees of settlements.
Sub-fund settlements
Transfers into settlement.
Person becoming absolutely entitled to settled property.
Termination of life interest on death of person entitled.
Effect on sections 72 and 73 of relief under section 165 or 260.
Death of annuitant.
Disposal of interests in settled property.
Charge on settlor with interest in settlement.
Right of recovery.
Provisions supplemental to sections 77 and 78.
Restriction on set-off of trust losses.
Attribution to trustees of gains of non-resident companies.
Trustees ceasing to be resident in U.K.
Past trustees: liability for tax.
Trustees both resident and non-resident in a year of assessment
Acquisition by dual resident trustees.
Disposal of interests in non-resident settlements.
Transfers of value: attribution of gains to beneficiaries and treatment of losses
Attribution of gains to settlors with interest in non-resident or dual resident settlements.
Non-UK resident settlements: attribution of gains to beneficiaries
Section 87: matching
Sections 87 and 87A: disregard of certain capital payments
Sections 87 and 87A: disregard of capital payments to non-residents
Sections 87 and 87A: disregarded payments to temporary non-resident
Sections 87 and 87A: disregarded payments in year settlement ends
Settlor liable if capital payment received by close family member
Onward gifts from non-residents or qualifying new residents
Attribution of gains or payments to recipient of onward gift
Cases where recipient of onward gift is user of remittance basis
Sections 87 and 87A: temporary migration after payment disregarded
Migrant settlements etc.
Section 90: transfers made for consideration in money or money's worth
Matching: special cases.
Transfers of settled property where qualifying amounts not wholly matched.
Matching after transfer.
Supplementary provisions.
Value of benefit conferred by capital payment made by way of loan
Value of benefit conferred by capital payment made by way of making land available
Power to obtain information for purposes of sections 87 to 90.
Application of Act to unit trust schemes.
Calculation of the disposal cost of accumulation units
Part IV — Shares, securities, options etc.
Identification of securities: ... capital gains tax.
Amended 3 timesIdentification of securities etc: general rules for corporation tax.
Amended 8 timesIndexation for section 104 holdings for corporation tax.
Amended 6 timesIndexation for section 104 holdings: capital gains tax.
Amended 6 timesIndexation: building society etc. shares.
Amended 1 timeParallel pooling regulations : corporation tax.
Amended 2 timesCalls on shares : corporation tax.
Amended 1 timeConsideration for options : corporation tax.
Amended 3 timesReorganisations, conversions and reconstructions.
Amended 37 timesHoldings in unit trusts and offshore funds excluded from treatment as qualifying corporate bonds.
Amended 30 timesIncrease in expenditure by reference to tax charged in relation to employment-related securities
Amended 3 timesSection 119A: unremitted Part 7A income
Amended 3 timesConsideration given or received by holder.
Amended 2 timesComposite new holdings.
Amended 2 timesPremiums on conversion of securities.
Amended 3 timesExchange of securities for those in another company
Amended 10 timesScheme of reconstruction involving issue of securities
Amended 10 timesRestriction on application of sections 135 and 136.
Amended 9 timesProcedure for clearance in advance.
Amended 10 timesUse of earn-out rights for exchange of securities.
Amended 10 timesShare exchanges involving non-UK incorporated close companies
Amended 10 timesTreatment of securities connected with such exchanges
Amended 10 timesReconstruction ... involving transfer of business.
Amended 22 timesPostponement of charge on transfer of assets to non-resident company.
Amended 10 timesTransfer or division of UK business
Amended 10 timesSection 140C: anti-avoidance.
Amended 10 timesSecurities issued on division of business
Amended 10 timesMerger leaving assets within UK tax charge
Amended 10 timesMerger: assets outside UK tax charge
Amended 10 timesShare exchanges
Amended 10 timesDivision of business or transfer of assets
Amended 10 timesMergers
Amended 10 timesCapital gains on stock dividends.
Amended 3 timesREITs: chargeable gains on stock dividends
Amended 3 timesCommodity and financial futures and qualifying options.
Amended 14 timesCash-settled options.
Amended 9 timesException to rule in section 144ZA
Amended 9 timesOptions: application of rules as to wasting assets.
Amended 2 timesQuoted options treated as part of new holdings.
Amended 2 timesEnterprise investment scheme.
Amended 11 timesEnterprise investment scheme: reduction of EIS relief.
Amended 11 timesSeed enterprise investment scheme: re-investment
Amended 11 timesPersonal equity plans.
Amended 9 timesVenture capital trusts: supplementary.
Amended 9 timesCITR: identification of securities or shares on a disposal
Amended 9 timesCITR: rights issues etc
Amended 9 timesStrips: manipulation of price: associated payment giving rise to loss
Amended 9 timesCorporate strips: manipulation of price: associated payment giving rise to loss
Amended 9 timesRegulations where non-qualifying shares conditions altered
Amended 9 timesIntroduction
Amended 9 timesPurchase and resale arrangements
Amended 9 timesDiminishing shared ownership arrangements : initial acquisition
Amended 9 timesDeposit arrangements
Amended 9 timesProfit share agency arrangements
Amended 9 timesProvision not at arm's length: exclusion of arrangements from sections 151J to 151N
Amended 9 timesPurchase and resale arrangements where return in foreign currency
Amended 9 timesDiminishing shared ownership arrangements
Amended 9 timesOther arrangements
Amended 9 timesInvestment bond arrangements are qualifying corporate bonds
Amended 9 timesTreatment of bond-holder and bond-issuer
Amended 9 timesInvestment bond arrangements not unit trust scheme or offshore fund
Amended 9 timesDiminishing shared ownership arrangements: further provision in respect of refinancing
Amended 9 timesBrowse 12 other sections in this Part — procedural / definitional / commencement
Exemptions for gilt-edged securities and qualifying corporate bonds etc.
Disposal of right to acquire shares or debentures.
Application of sections 127 to 131.
Part disposal of new holding.
Indexation allowance.
Compensation stock.
Traded options: closing purchases.
Futures and options involving guaranteed returns
Rights to acquire qualifying shares.
Employment-related securities options
Restricted and convertible employment-related securities and employee shareholder shares
Employee incentive schemes: conditional interests in shares.
Part V — Transfer of business assets, business asset disposal relief and investors' relief
Roll-over relief.
Amended 12 timesAssets only partly replaced.
Amended 6 timesProvisional application of sections 152 and 153.
Amended 6 timesRelevant classes of assets.
Amended 7 timesAssets of Class 1.
Amended 4 timesCessation of trade by limited liability partnership.
Amended 4 timesIntangible fixed assets: roll-over relief
Amended 4 timesIntangible fixed assets: interaction with relief under Chapter 7 of Part 8 of CTA 2009
Amended 4 timesDisposals of interests in UK land by non-residents: roll-over relief
Amended 4 timesDual resident companies: roll-over relief.
Amended 1 timeAppropriations to and from stock.
Amended 26 timesRoll-over relief on transfer of business.
Amended 6 timesDisincorporation relief: post-FA 2002 goodwill
Amended 6 timesOther retirement relief.
Amended 2 timesRoll-over relief on re-investment by trustees.
Amended 2 timesInteraction with retirement relief
Amended 2 timesRestriction applying to retirement relief and roll-over relief on re-investment.
Amended 2 timesRelief carried forward into replacement shares.
Amended 2 timesApplication of Chapter in cases of an exchange of shares.
Amended 2 timesFailure of conditions of relief.
Amended 2 timesLoss of relief in cases where shares acquired on being issued.
Amended 2 timesQualifying investment acquired from husband or wife.
Amended 2 timesProvisions supplementary to section 164I.
Amended 2 timesAnti-avoidance provisions.
Amended 2 timesExclusion of double relief.
Amended 2 timesExclusion of double relief
Amended 2 timesRelief for gifts of business assets.
Amended 20 timesGifts of direct or indirect interests in UK land to non-residents
Amended 4 timesEmigration of donee.
Amended 6 timesCessation of trade by limited liability partnership
Amended 4 timesClawback of relief if settlement becomes settlor-interested etc
Amended 4 timesMeaning of “interest in a settlement” in sections 169B to 169D
Amended 4 timesMeaning of “arrangement” in sections 169B to 169E and information power
Amended 4 timesIntroduction
Amended 4 timesMaterial disposal of business assets
Amended 4 timesDisposal associated with relevant material disposal
Amended 4 timesRelevant business assets: goodwill transferred to a close company
Amended 4 timesAmount of relief: general
Amended 4 timesAmount of relief: special provisions for certain trust disposals
Amended 4 timesAmount of relief: special provision for certain associated disposals
Amended 4 timesReorganisations: disapplication of section 127
Amended 4 timesInterpretation of Chapter
Amended 4 timesOverview of Chapter
Amended 4 timesSupplementary election to defer gains until subsequent disposal
Amended 4 timesElections under sections 169SC and 169SD
Amended 4 timesOverview of Chapter
Amended 4 timesEligibility conditions for deferred business asset disposal relief
Amended 4 timesQualifying shares, potentially qualifying shares and excluded shares
Amended 4 timesInvestors' relief
Amended 4 timesDisposal where holding consists partly of qualifying shares
Amended 4 timesWhich shares are in holding immediately before disposal
Amended 4 timesShares treated as disposed of in previous disposal where claim made
Amended 4 timesShares treated as disposed of in previous disposal: no claim made
Amended 4 timesDisposals by trustees: further conditions for relief
Amended 4 timesDisposals of interests in shares: joint holdings etc
Amended 4 timesCap on relief for disposal by trustees of a settlement
Amended 4 timesClaims for relief
Amended 4 timesReorganisations where consideration given
Amended 4 timesExchange of shares for those in another company
Amended 4 timesNew shares issued on scheme of reconstruction
Amended 4 timesModification of conditions for being a qualifying share
Amended 4 times“Subscribe” etc
Amended 4 times“Unremunerated director”
Amended 4 timesGeneral definitions
Amended 4 timesPart VI — Companies, oil, insurance etc.
Transfers within a group: general provisions.
Amended 37 timesElection under section 171A: effect
Amended 37 timesElections under section 171A: insurance companies
Amended 37 timesTransfer of United Kingdom branch or agency.
Amended 3 timesTransfers within a group: trading stock.
Amended 2 timesDisposal or acquisition outside a group.
Amended 8 timesReplacement of business assets by members of a group.
Amended 19 timesDepreciatory transactions within a group.
Amended 11 timesDividend stripping.
Amended 1 timeRestriction on set-off of pre-entry losses.
Amended 1 timeRestrictions on setting losses against pre-entry gains.
Amended 1 timeCompany ceasing to be member of group: pre-appointed day cases.
Amended 1 timeCompany ceasing to be member of group: post-appointed day cases.
Amended 84 timesRoll-over of degrouping charge on business assets
Amended 84 timesClaim for adjustment of calculations under section 179
Amended 84 timesDeemed disposal of assets on company ceasing to be liable to U.K. taxation.
Amended 1 timePostponement of charge on deemed disposal under section 185 or 186.
Amended 3 timesDeemed disposal under section 185: ATED-related gains and losses
Amended 3 timesDual resident companies: deemed disposal of certain assets.
Amended 1 timeElection for pooling
Amended 1 timeMeaning of “NRCGT group”
Amended 1 timeTransfers within an NRCGT group
Amended 1 timeFurther provision about group losses
Amended 1 timeCompanies becoming eligible to join an NRCGT group
Amended 1 timeCompany ceasing to be a member of an NRCGT group
Amended 1 timeThe responsible members of an NRCGT group
Amended 1 timeThe representative company of an NRCGT group
Amended 1 timeInterpretation of sections 188A to 188J
Amended 1 timeTax recoverable from another group company or controlling director.
Amended 7 timesTax exempt distributions.
Amended 5 timesExemptions for gains or losses on disposal of shares etc
Amended 5 timesRoll-over relief not available for gains on oil licences.
Amended 2 timesAllowance of certain drilling expenditure etc.
Amended 16 timesOil licence swaps
Amended 16 timesCompany that gives mixed consideration
Amended 16 timesInterpretation of sections 194 to 195F.
Amended 23 timesDisposals of interests in oil fields etc: ring fence provisions.
Amended 2 timesProvisional application of sections 198A and 198B
Amended 4 timesNo double claims
Amended 4 timesRing fence reinvestments and disposal consideration
Amended 4 timesAcquisition by member of same group
Amended 4 timesExploration, appraisal and development expenditure
Amended 4 timesExpenditure by member of same group
Amended 4 timesExploration or exploitation assets: deemed disposals
Amended 6 timesLimitation of losses on disposal of oil industry assets held on 31st March 1982.
Amended 1 timeCapital losses.
Amended 4 timesProvisions supplementary to section 202.
Amended 4 timesPolicies of insurance and non-deferred annuities
Amended 5 timesTransfers of assets to certain collective investment schemes
Amended 23 timesTransfers of business: transfer of unused losses
Amended 23 timesAnnual deemed disposal of holdings of unit trusts etc.
Amended 39 timesFurther transitional provisions.
Amended 8 timesInterpretation
Amended 8 timesDisposal of assets on amalgamation of building societies etc.
Amended 1 timeAssets transferred from society to company.
Amended 4 timesTransfer of assets on incorporation of registered friendly society.
Amended 4 timesRights of members in registered society equated with rights in incorporated society.
Amended 4 timesDisposal of assets on union, amalgamation or transfer of engagements
Amended 4 timesDisposals of land between the Regulator of Social Housing, the Secretary of State or Scottish Homes and housing associations.
Amended 7 timesDisposals by housing related bodies.
Amended 21 timesHarbour authorities.
Amended 2 timesBrowse 11 other sections in this Part — procedural / definitional / commencement
Disposals of debts.
Definitions and other provisions supplemental to sections 182 and 183.
Restrictions on buying losses: tax avoidance schemes
Restrictions on buying gains: tax avoidance schemes
Sections 184A and 184B: meaning of “tax advantage”
Sections 184A and 184B: “pre-change assets”: basic rules
Asset subject to EU exit charge on becoming chargeable asset
Disposals of oil licences relating to undeveloped areas.
Disallowance of insurance premiums as expenses.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Disposals by Northern Ireland housing associations.
Part 7A — UK representatives of non-UK residents
Trade or profession carried on in partnership
Amended 48 timesObligations and liabilities of UK representative
Unlimited fine Amended 48 times- UK representatives share tax obligations and liabilities with non-residents Any Person
Exceptions: notices and information
Amended 48 timesExceptions: criminal offences and penalties etc
Amended 48 timesMeaning of “non-UK resident” and “independent agent”
Amended 48 timesPart VII — Other property, businesses, investments etc.
Determination of main residence: non-resident CGT disposals
Amended 24 timesNon-qualifying tax years
Amended 24 timesDay count test
Amended 24 timesAmount of relief.
Amended 23 timesAmount of relief: non-resident CGT disposals
Amended 23 timesAmount of relief: individual’s residency delayed by certain events
Amended 23 timesRelief under sections 223 and 223B : further provisions.
Amended 7 timesPrivate residence occupied under terms of settlement.
Amended 12 timesPrivate residence held by personal representatives
Amended 12 timesDeferred payments on disposals in connection with divorce etc
Amended 12 timesSale of private residence under certain agreements with employer, etc
Amended 12 timesPrivate residence of adult placement carer
Amended 12 timesDisposals by disabled persons or persons in care homes etc
Amended 12 timesPrivate residence occupied by dependent relative before 6th April 1988.
Amended 3 timesPrivate residence relief: cases where relief obtained under section 260
Amended 3 timesException to section 226A
Amended 3 timesConditions for roll-over relief.
Amended 1 timeConditions for relief: supplementary.
Amended 8 timesDwelling-houses: special provision.
Amended 4 timesShares: special provision.
Amended 3 timesInformation.
Amended 1 timeSuperannuation funds, annuities and annual payments.
Amended 2 timesApproved profit sharing and share option schemes.
Amended 3 timesDisposals to trustees of employee trusts
Amended 2 timesDe-registration of registered pension schemes
Amended 2 timesRelief for disposals by trustees of employee trusts
Amended 2 timesEEA furnished holiday lettings
Amended 19 timesSmall part disposals.
Amended 1 timePart disposal to authority with compulsory powers.
Amended 1 timePart disposal: consideration exceeding allowable expenditure.
Amended 1 timeGrants for giving up agricultural land.
Amended 1 timeGeneral provisions.
Amended 14 timesForeign currency bank accounts.
Amended 1 timeForeign currency bank accounts and the remittance basis
Amended 1 timeRelief for debts on qualifying corporate bonds.
Amended 16 timesHold-over relief for gains re-invested in social enterprises
Amended 2 timesApplication of section 255B(2) where maximum SI relief not obtained
Amended 2 timesCharities.
Amended 12 timesAttributing gains to the non-exempt amount : charitable trusts
Amended 12 timesGifts to charities etc.
Amended 8 timesTainted charity donations
Amended 8 timesWorks of art etc.
Amended 7 timesGifts to housing associations.
Amended 7 timesGifts on which inheritance tax is chargeable etc.
Amended 17 timesSection 260 relief: gifts to non-residents.
Amended 3 timesTreating trade loss etc as CGT loss
Amended 3 timesMeaning of “the maximum amount” for purposes of section 261B
Amended 3 timesTreating excess post-cessation trade or property relief as CGT loss
Amended 3 timesMeaning of “the maximum amount” for purposes of section 261D
Amended 3 timesVisiting forces and staff of designated allied headquarters
Amended 48 timesBrowse 35 other sections in this Part — procedural / definitional / commencement
Chargeable event when replacement assets owned.
Chargeable event when replacement property owned.
Only first £50,000 of shares under associated agreements to be exempt
Identification of exempt employee shareholder shares
Relinquishment of employment rights is not disposal of an asset
Trading requirement
All-employee benefit requirement
Further provision about the equality requirement
Cases in which all-employee benefit requirement treated as met
Trustee independence requirement
Controlling interest requirement
No section 236H relief if disqualifying event in next four tax years
Events which trigger deemed disposal and reacquisition by trustees
Identification of shares where section 236H or 236Q applies
Further provision about significant and controlling interests
Leases of land and other assets.
Compensation paid on compulsory acquisition.
Provisions supplementary to section 247.
Roll-over relief on disposal of joint interests in land: conditions
Calculation of relief
Relief on disposal of joint interests in private residence
Woodlands.
Passenger vehicles.
Agreements for sale and repurchase of securities: capital gains tax
Section 263A: interpretation
Renewables obligation certificates for domestic microgeneration
Stock lending arrangements.
Stock lending involving redemption.
Gains accruing to persons paying manufactured dividends
Power to modify repo provisions: redemption arrangements
Powers about manufactured overseas dividends
Former employees: employment-related liabilities
Inter-American Development Bank.
Sharing of transmission facilities.
Chevening Estate.
Part VIII — Supplemental
Unquoted shares and securities.
Amended 1 timeValue determined for inheritance tax.
Amended 1 timeLocation of certain intangible assets
Amended 12 timesSection 275A: supplementary provisions
Amended 12 timesLocation of assets: interests of co-owners
Amended 12 timesThe territorial sea and the continental shelf.
Amended 4 timesDouble taxation relief.
Amended 3 timesAllowance for foreign tax.
Amended 4 timesForeign assets: delayed remittances.
Amended 7 timesDeferred unascertainable consideration: election for treatment of loss
Amended 7 timesEffect of election under section 279A
Amended 7 timesElections under section 279A
Amended 7 timesConsideration payable by instalments.
Amended 1 timeRecovery of tax from donee.
Amended 2 timesUK Economic Interest Groupings European Economic Interest Groupings
Amended 2 timesBrowse 3 other sections in this Part — procedural / definitional / commencement
Schedules
Browse 27 other Schedules — structural / supplementary
UK resident individuals to whom the remittance basis applied
Assets held on 6th April 1965
Relief for gifts of business assets
Repeals
Disposal of interest in settled property: deemed disposal of underlying assets
Transfers of value by trustees linked with trustee borrowing
Transfers of value: attribution of gains to beneficiaries
Relevant high value disposals: gains and losses
Non-resident CGT disposals: gains and losses
Disposals of residential property interests: gains and losses
Enterprise investment scheme: re-investment
Seed enterprise investment scheme: re-investment
Retirement relief etc.
Restriction on set-off of pre-entry losses
Restrictions on setting losses against pre-entry gains
Exemptions for disposals by companies with substantial shareholding
Gains of insurance company from venture capital investment partnership
Modification of Act in relation to overseas life insurance companies
Relief for transfers to Schedule 2 share plans
... Share schemes and share incentives
Business asset disposal relief : “trading company” and “trading group”
Investors' relief: disqualification of shares
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Hold-over relief for gains re-invested in social enterprises
Gilt-edged securities
Consequential amendments
Transitional provisions and savings
Other sections — not classified into a Part
These sections exist in the Act but the contents-of-Parts walker did not place them under a Part. Likely amendments or sections inserted out of the original Part structure.
Browse 4 other unclassified sections
Provisions supplementary to sections 30 to 32.
Transactions treated as a reorganisation of share capital.
Application of taper relief
TABLE OF DERIVATIONS Note: The following abbreviations are used in this Table:
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Self Assessment capital gains summary (SA108) (opens in a new tab) Publication
- Business Asset Disposal Relief (opens in a new tab) Detailed Guidance
- Capital Gains Tax - what you pay it on (opens in a new tab) Detailed Guidance
- Capital Gains Tax rates (opens in a new tab) Detailed Guidance
- Report and pay Capital Gains Tax on UK property (opens in a new tab) Detailed Guidance
- Check if you need to pay CGT (GOV.UK) (opens in a new tab) Detailed Guidance
- VAT thresholds (GOV.UK) (opens in a new tab) Detailed Guidance
- Income tax rates (GOV.UK) (opens in a new tab) Detailed Guidance
- Set up a limited company (GOV.UK) (opens in a new tab) Detailed Guidance
- Capital distributions on dissolution (HMRC) (opens in a new tab) Detailed Guidance
- ... and 1 more
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
HM Revenue & Customs
Tax collection, customs duties, national insurance, tax credits, and enforcement of the National Minimum Wage. Regulates all UK businesses for tax compliance …
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Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.