
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThis
Cross Heading
only
Changes over time for: Cross Heading: Retirement benefits schemes


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 06/04/2006
Status:
Point in time view as at 21/08/1998.
Changes to legislation:
Taxation of Chargeable Gains Act 1992, Cross Heading: Retirement benefits schemes is up to date with all changes known to be in force on or before 07 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[Retirement benefits schemesU.K.
239A Cessation of approval of certain schemes.U.K.
(1)This section applies where tax is charged in accordance with section 591C of the Taxes Act (tax on certain retirement benefits schemes whose approval ceases to have effect).
(2)For the purposes of this Act the assets which at the relevant time are held for the purposes of the scheme—
(a)shall be deemed to be acquired at that time for a consideration equal to the amount on which tax is charged by virtue of section 591C(2) of the Taxes Act by the person who would be chargeable in respect of a chargeable gain accruing on a disposal of the assets at that time; but
(b)shall not be deemed to be disposed of by any person at that time;
and in this subsection “the relevant time” means the time immediately before the date of the cessation of the approval of the scheme.
(3)Expressions used in subsection (2) above and in section 591C of the Taxes Act have the same meanings in that subsection as in that section.]
Back to top