Taxation of Chargeable Gains Act 1992

F1 SCHEDULE 8A U.K.

Textual Amendments

F1 Sch. 8A omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of Finance Act 2012 (c. 14), s. 35(5)

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[F2 1 (1) This Schedule applies where— U.K.

(a) an individual makes a disposal of a debt to which section 252(1) applies (“the relevant disposal”),

(b) the debt (“the section 252 debt”) is not situated in the United Kingdom, and

(c) money or money's worth which is remitted foreign income (“the section 37 amount”) is excluded under section 37 from the consideration for the relevant disposal.

(2) For this purpose “remitted foreign income” means income of the individual which is chargeable to income tax on the alternative basis of charge set out in Chapter A1 of Part 14 of ITA 2007 (remittance basis).

(3) In determining whether the condition in sub-paragraph (1)(c) is met, the following provisions of this Schedule are to be ignored.]

Textual Amendments

F2 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

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F1 2 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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F1 3 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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F1 4 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .