Version Superseded: 12/02/2019
Point in time view as at 15/09/2016.
Taxation of Chargeable Gains Act 1992, Paragraph 9 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.
[F19(1)The residential property gain or loss accruing on the disposal of land is computed as follows.U.K.
Step 1 Determine in accordance with paragraphs 10 to 15 the amount of the residential property gain or loss accruing on each relevant high value disposal.
Step 2 Add together the amounts of any gains or losses determined under Step 1 (treating any amount which is a loss as a negative amount).
(2)If the result is a positive amount, that amount is the residential property gain on the disposal of land.
(3)If the result is a negative amount, that amount (expressed as a positive number) is the residential property loss on the disposal of land.]
Textual Amendments
F1Sch. 4ZZC inserted (with effect in accordance with s. 83(17) of the amending Act) by Finance Act 2016 (c. 24), Sch. 12 para. 5
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