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Finance Act 2009
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- UK Public General Acts
- 2009 c. 10
- SCHEDULE 61
- Part 3
- Taxation of capital gains
- Relief from taxation of...
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Changes over time for: Cross Heading: Relief from taxation of capital gains: second transaction
Version Superseded: 01/07/2012
Alternative versions:
- 21/07/2009- Amendment
- 19/07/2011
Point in time - 01/07/2012- Amendment
- 17/02/2015- Amendment
- 01/04/2018- Amendment
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Finance Act 2009, Cross Heading: Relief from taxation of capital gains: second transaction is up to date with all changes known to be in force on or before 03 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.
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Relief from taxation of capital gains: second transactionU.K.
12(1)The second transaction is not to be regarded for the purposes of TCGA 1992 as an acquisition by P or a disposal by Q if—U.K.
(a)each of conditions A to C and E to G is met, and
(b)in the case of an interest in land in the United Kingdom, condition D is met.
(2)Where the interest in the land is replaced as the bond asset by an interest in other land, this paragraph is subject to paragraph 18.
(3)This paragraph is also subject to paragraph 20.
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