Taxation of Chargeable Gains Act 1992

[F1 1 (1) This Schedule applies for the purpose of determining, in relation to a non-resident CGT disposal made by a person (“P”)— U.K.

(a) whether an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss, and

(b) whether a gain or loss other than an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss;

(and see also sub-paragraph (2)(c)).

(2) In this Schedule—

(a) Part 2 is about elections to vary the method of computation of gains and losses;

(b) Part 3 contains the main rules for computing the gains and losses;

(c) Part 4 contains separate rules for computing, in a case where the non-resident CGT disposal is, or involves, a relevant high value disposal (as defined in section 2C)—

(i) the amount of any NRCGT gains or losses accruing on the disposal, and

(ii) the amount of any gains or losses accruing on the disposal that are neither ATED-related nor NRCGT gains or losses;

(d) Part 5 contains special rules about non-resident CGT disposals made by companies;

(e) Part 6 (miscellaneous provisions) contains special rules relating to wasting assets and capital allowances;

(f) Part 7 contains definitions for the purposes of this Schedule.

(3) See section 14B for the meaning of “non-resident CGT disposal”.]

Textual Amendments

F1 Sch. 4ZZB inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by Finance Act 2015 (c. 11), Sch. 7 para. 39