Taxation of Chargeable Gains Act 1992

[F1 Interpretation U.K.

Textual Amendments

F1 Sch. 8A inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by Finance Act 2010 (c. 13), Sch. 9 para. 2

4 U.K. In this Schedule—

• “debt costs” means the sums which under section 38(1)(a) and (b) are attributable to the section 252 debt;

• “disposal costs” means the costs within section 38(1)(c) in relation to the relevant disposal;

• “the section 252 debt”, “the relevant disposal” and “the section 37 amount” are to be construed in accordance with paragraph 1;

• “the section 37 proportion” means the proportion of the unreduced consideration which constitutes the section 37 amount;

• “the unreduced consideration” means the consideration for the relevant disposal ignoring the exclusion of the section 37 amount.]