Version Superseded: 17/07/2013
Point in time view as at 03/05/1994. This version of this provision has been superseded.
Taxation of Chargeable Gains Act 1992, Section 84 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.
(1)Section 152 shall not apply where—
(a)the new assets are, or the interest in them is, acquired by the trustees of a settlement,
(b)at the time of the acquisition the trustees are resident and ordinarily resident in the United Kingdom and fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom,
(c)the assets are of a description specified in the arrangements, and
(d)were the trustees to dispose of the assets immediately after the acquisition, the trustees would fall to be regarded for the purposes of the arrangements as not liable in the United Kingdom to tax on gains accruing to them on the disposal.
(2)In this section “the new assets” has the same meaning as in section 152.
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