Search Legislation

Finance Act 2009

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Cross Heading: Relief from taxation of capital gains: second transaction

 Help about opening options

Version Superseded: 01/07/2012

Status:

Point in time view as at 19/07/2011.

Changes to legislation:

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 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. Help about Changes to Legislation

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.

Back to top

Options/Help