http://www.legislation.gov.uk/id/ukpga/1992/12

http://www.legislation.gov.uk/ukpga/1992/12/schedule/A1

Taxation of Chargeable Gains Act 1992

An Act to consolidate certain enactments relating to the taxation of chargeable gains.

1992-03-06

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Statute Law Database

2024-06-12

Expert Participation

2024-05-24

Taxation of Chargeable Gains Act 1992

s. 35(3)(d)(xviii)

Housing and Regeneration Act 2008

Sch. 7

para. 9

s. 325(1)

art. 2(1)

3(1)

Taxation of Chargeable Gains Act 1992

s. 35(3)(d)(xviii)

Crossrail Act 2008

Sch. 13

para. 46

Taxation of Chargeable Gains Act 1992

s. 35(3)(d)(xviii)

The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008

Sch. 1

para. 42

Sch. 3

Sch. 2

art. 1(2)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 3(1)(f)

Income Tax Act 2007

Sch. 1

para. 347

Sch. 2

s. 1034(1)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 3

The Tax and Civil Partnership Regulations 2005

reg. 128

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 5

The Tax and Civil Partnership Regulations 2005

reg. 128

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 6

The Tax and Civil Partnership Regulations 2005

reg. 128

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Act

The Pension Protection Fund (Tax) Regulations 2006

Pension Protection Fund (Tax) Regulations 2006

reg. 37(2)

reg. 1

Taxation of Chargeable Gains Act 1992

Act

The Pension Protection Fund (Tax) Regulations 2006

Pension Protection Fund (Tax) Regulations 2006

reg. 38(3)

reg. 1

Taxation of Chargeable Gains Act 1992

Sch. A1

para. 17(5)

Finance Act 2006

Sch. 12

para. 27(2)

Taxation of Chargeable Gains Act 1992

s. 587B

Finance Act 2000

s. 43(1)

Taxation of Chargeable Gains Act 1992

s. 169S(4A)

Finance Act 2015

s. 43(2)

s. 43(5)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 3(1)

The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004

reg. 7(1)

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 3(6)

The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004

reg. 7(2)

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Sch. 5C

para. 5(1)

The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004

reg. 7(3)

reg. 1(1)

Taxation of Chargeable Gains Act 1992

Act

Finance Act 2002

Sch. 16

para. 48(1)

(2)

s. 57(3)

Taxation of Chargeable Gains Act 1992

s. 4(10)

(11)

Scotland Act 2016

s. 15(4)

s. 13(14)

15(7)(a)

72(3)

Taxation of Chargeable Gains Act 1992

s. 4(10)

Finance Act 2016

s. 83(11)

Taxation of Chargeable Gains Act 1992

Act

Finance Act 1997

Sch. 12

para. 12(7)

Sch. 12

para. 17

Taxation of Chargeable Gains Act 1992

s. 104(4)(b)(i)

The Personal Equity Plan (Amendment No. 2) Regulations 1997

reg. 13(1)(b)

reg. 1

Taxation of Chargeable Gains Act 1992

s. 107(11)

The Personal Equity Plan (Amendment No. 2) Regulations 1997

reg. 13(2)(b)

reg. 1

SCHEDULES

F1SCHEDULE A1 Application of taper relief

Annotations:

Amendments (Textual)

Sch. A1 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 2 para. 45

F1 Introductory

F11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Period for which an asset is held and relevant period of ownership

F12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Rules for determining whether a gain is a gain on the disposal of a business asset or non-business asset

F13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Conditions for shares to qualify as business assets

F14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Conditions for other assets to qualify as business assets

F15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Companies which are qualifying companies

F16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Meaning of “material interest”

F16A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Persons who are eligible beneficiaries

F17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Cases where there are non-qualifying beneficiaries

F18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Cases where an asset is used at the same time for different purposes

F19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Periods of limited exposure to fluctuations in value not to count

F110

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Rules for options

F113

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Further rules for assets derived from other assets

F114

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Special rules for assets transferred between spouses or civil partners

F115

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Special rules for postponed gains

F116

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Special rule for property settled by a company

F117

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Special rules for assets acquired in the reconstruction of mutual businesses et ceteralaetc.

F118

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Special rule for ancillary trust funds

F119

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 General rules for settlements

F120

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 General rule for apportionments under this Schedule

F121

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 Interpretation of Schedule

F122

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Meaning of “trading company”

F122A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Meaning of “trading group”

F122B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Qualifying shareholdings in joint venture companies

F123

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Joint enterprise companies: relevant connection

F124

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULES

F1SCHEDULE A1 Application of taper relief

F1 Introductory

F11

F1 Period for which an asset is held and relevant period of ownership

F12

F1 Rules for determining whether a gain is a gain on the disposal of a business asset or non-business asset

F13

F1 Conditions for shares to qualify as business assets

F14

F1 Conditions for other assets to qualify as business assets

F15

F1 Companies which are qualifying companies

F16

F1Meaning of “material interest”

F16A

F1 Persons who are eligible beneficiaries

F17

F1 Cases where there are non-qualifying beneficiaries

F18

F1 Cases where an asset is used at the same time for different purposes

F19

F1 Periods of limited exposure to fluctuations in value not to count

F110

F1 Periods of share ownership not to count where there is a change of activity by the company

F111

F1Periods of share ownership not to count if company is not active

F111A

F1 Periods of share ownership not to count in a case of value shifting

F112

F1 Rules for options

F113

F1 Further rules for assets derived from other assets

F114

F1 Special rules for assets transferred between spouses or civil partners

F115

F1 Special rules for postponed gains

F116

F1 Special rule for property settled by a company

F117

F1 Special rules for assets acquired in the reconstruction of mutual businesses et ceteralaetc.

F118

F1 Special rule for ancillary trust funds

F119

F1 General rules for settlements

F120

F1 General rule for apportionments under this Schedule

F121

F1 Interpretation of Schedule

F122

F1Meaning of “trading company”

F122A

F1Meaning of “trading group”

F122B

F1Qualifying shareholdings in joint venture companies

F123

F1Joint enterprise companies: relevant connection

F124