SCHEDULES

SCHEDULE 25Charge on certain high value disposals by companies etc

PART 1Taxation of Chargeable Gains Act 1992

10

After section 100 insert—

100AExemption for certain EEAUCITS

1

ATED-related gains accruing on relevant high value disposals made by an EEAUCITS which is not an open-ended investment company or a unit trust scheme are not chargeable gains under section 2B.

2

In this section—

  • “EEAUCITS” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 237 of that Act);

  • “unit trust scheme” has same meaning as in that Part (see section 237(1) of that Act);

  • “open-ended investment company” has the same meaning as in that Part (see section 236(1) of that Act).