Taxation of Chargeable Gains Act 1992 (c. 12)

SCHEDULES

[F1 SCHEDULE 8A U.K. Foreign currency bank accounts

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

Section 37 operates to exclude the whole consideration U.K.

2 (1) This paragraph applies where the section 37 amount constitutes the whole of the unreduced consideration. U.K.

(2) If the relevant disposal is a part disposal of the section 252 debt, section 42 applies as if the reference in subsection (2)(a) of that section to the consideration for the disposal were a reference to the unreduced consideration for the disposal.

(3) Any loss accruing to the individual on the relevant disposal is not an allowable loss.]