Taxes Management Act 1970, Cross Heading: Capital gains tax is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This Part of this Act (except section 76 above) shall apply in relation to capital gains tax as it applies in relation to income tax F1. . . , and subject to any necessary modifications.
(2)This Part of this Act as applied by this section shall not affect the question of who is the person to whom chargeable gains accrue, or who is chargeable to capital gains tax, so far as that question is relevant for the purposes of any exemption, or of any provision determining the rate at which capital gains tax is chargeable.
Textual Amendments
F1 Words omitted repealed (for 1973—74 et seq.) by Finance Act 1971 (c. 68), ss. 37, 38, Sch.14 Part II.
Modifications etc. (not altering text)
C1S. 77 restricted (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 1; S.I. 2003/120, art. 2, Sch. (with arts. 3, 4)
C2S. 77 excluded by The Proceeds of Crime Act 2002 (External Requests and Orders) Order 2005 (S.I. 2005/3181), art. 141J (as inserted (11.11.2013) by S.I. 2013/2604, arts. 1(1), 3)
Textual Amendments
F2S. 77A added by Development Land Tax Act 1976 (c. 24) Sch.8 para.19. Development Land Tax Act 1976 repealed by Finance Act 1985 (c. 54), s.98(6), Sch.27 Part X.
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