SCHEDULES

SCHEDULE 25Charge on certain high value disposals by companies etc

PART 1Taxation of Chargeable Gains Act 1992

14

In section 271 (miscellaneous exemptions)—

a

in subsection (1A), after “registered pension scheme” insert “ or an overseas pension scheme ”, and

b

in subsection (10), for the words after “above” substitute “—

  • “investments” includes futures contracts and options contracts;

  • “overseas pension scheme” has the same meaning as in Part 4 of the Finance Act 2004 (see section 150(7) of that Act).”