PART 2THE TREATMENT OF PARTICIPANTS IN NON-REPORTING FUNDS
CHAPTER 6DEDUCTION OF OFFSHORE INCOME GAINS IN COMPUTING CHARGEABLE GAINS
Ambit of this Chapter44
1
This Chapter applies if—
a
a material disposal gives rise to an offshore income gain, and
b
that disposal also constitutes the disposal of the interest concerned for the purposes of TCGA 1992.
2
In this Chapter the disposal specified in paragraph (1)(b) is called the “TCGA disposal”.