[F2478Amount of chargeU.K.
This section has no associated Explanatory Notes
(1)The taxable amount for the purposes of section 476 (charge on occurrence of chargeable event) is—
where—
AG is the amount of any gain realised on the occurrence of the chargeable event, and
DA is the total of any deductible amounts.
(2)Section 479 explains what is the amount of any gain realised on the occurrence of a chargeable event.
(3)Section 480 specifies what are deductible amounts.]
Textual Amendments
F2Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2