Point in time view as at 15/09/2016.
Taxation of Chargeable Gains Act 1992, Cross Heading: Person to whom held-over gain is treated as accruing 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.
Textual Amendments
F1Sch. 8B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 12 para. 3
7(1)This paragraph applies where a chargeable gain is treated as accruing as a result of the operation of paragraph 5.U.K.
(2)If the chargeable event is a disposal, that chargeable gain is treated as accruing to the person who makes the disposal.
(3)If the chargeable event occurs—
(a)when an asset, or part of an asset, is cancelled, extinguished, redeemed or repaid, or
(b)when a condition, for eligibility for relief in respect of the consideration given for the acquisition of an asset, fails to be met,
that chargeable gain is treated as accruing to the person who holds the asset, or part, when the chargeable event occurs.]
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