Section 169H — Taxation of Chargeable Gains Act 1992: Introduction

Introduction 169H 1 This Chapter provides for a lower rate of capital gains tax in respect of qualifying business disposals ( to be known as “business asset disposal relief” ).

2 The following are qualifying business disposals—

a a material disposal of business assets: see section 169I, b a disposal of trust business assets: see section 169J, and c a disposal associated with a relevant material disposal: see section 169K.

3 But in the case of certain qualifying business disposals, business asset disposal relief is given only in respect of disposals of relevant business assets comprised in the qualifying business disposal: see sections 169L and 169LA .

4 Section 169M makes provision requiring the making of a claim for business asset disposal relief .

5 Sections 169N to 169P make provision as to the amount of business asset disposal relief .

6 Sections 169Q and 169R make provision about reorganisations.

7 Sections 169S and 169SA contain interpretative provisions for the purposes of this Chapter.