SCHEDULES

SCHEDULE 14 U.K. Gifts to the nation

PART 5 U.K. Related changes

TCGA 1992 U.K.

34 U.K. In section 258 of TCGA 1992 (works of art etc), before subsection (2) insert—

“(1A) A gain is not a chargeable gain if it accrues on a disposal made in the circumstances described in paragraph 1 of Schedule 14 to the Finance Act 2012 (gifts to the nation).”