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Changes over time for: Paragraph 2


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Version Superseded: 19/07/2006
Status:
Point in time view as at 21/08/1998.
Changes to legislation:
Taxation of Chargeable Gains Act 1992, Paragraph 2 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
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[2(1)This paragraph applies if—U.K.
(a)a settlement was created before [17th March 1998],
(b)on or after the commencement day a person transfers property to the trustees otherwise than under a transaction entered into at arm’s length and otherwise than in pursuance of a liability incurred by any person before that day,
(c)the trustees are not resident or ordinarily resident in the United Kingdom at the time the property is transferred, and
(d)the transferor knows, or has reason to believe, that the trustees are not so resident or ordinarily resident.
(2)Before the expiry of the period of twelve months beginning with the relevant day, the transferor shall deliver to the Board a return which—
(a)identifies the settlement, and
(b)specifies the property transferred, the day on which the transfer was made, and the consideration (if any) for the transfer.
(3)For the purposes of sub-paragraph (2) above the relevant day is the day on which the transfer is made.]
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