Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 169J — Disposal of trust business assets
Disposal of trust business assets 169J 1 There is a disposal of trust business assets where— a the trustees of a settlement make a disposal of settlement business assets (see subsection (2)), b there…
Section 169VJ — Disposals of interests in shares: joint holdings etc
Disposals of interests in shares: joint holdings etc 169VJ 1 In section 169VC(1)(a), the reference to the case where a qualifying person disposes of a holding, or part of a holding, of shares in a…
Section 169K — Disposal associated with relevant material disposal
Disposal associated with relevant material disposal 169K 1 There is a disposal associated with a relevant material disposal if— a condition A1, A1A, A2 or A3 is met, and b conditions B , C and D are…
Section 169VK — Cap on relief for disposal by an individual
Cap on relief for disposal by an individual 169VK 1 This section applies if, on a disposal within section 169VC(1) made by an individual (“the individual concerned”), the aggregate of— a the amount…
Section 169L — Relevant business assets
Relevant business assets 169L 1 If a qualifying business disposal is one which does not consist of the disposal of (or of interests in) shares in or securities of a company, business asset disposal…
Section 169VL — Cap on relief for disposal by trustees of a settlement
Cap on relief for disposal by trustees of a settlement 169VL 1 This section applies where— a a disposal (“the disposal in question”) is made by the trustees of a settlement, b that disposal is within…
Section 169M — Relief to be claimed
Relief to be claimed 169M 1 Business asset disposal relief is to be given only on the making of a claim. 2 A claim for business asset disposal relief in respect of a qualifying business disposal must…
Section 169VM — Claims for relief
Claims for relief 169VM 1 Any claim for investors' relief must be made— a in the case of a disposal by an individual, by that individual; b in the case of a disposal by the trustees of a settlement,…
Section 169N — Amount of relief: general
Amount of relief: general 169N 1 Where a claim is made in respect of a qualifying business disposal— a the relevant gains (see subsection (5)) are to be aggregated, and b any relevant losses (see…
Section 169VN — Reorganisations where no consideration given
Reorganisations where no consideration given 169VN 1 This section applies where— a there is a reorganisation within the meaning of section 126, b immediately before the reorganisation, a qualifying…
Section 169O — Amount of relief: special provisions for certain trust disposals
Amount of relief: special provisions for certain trust disposals 169O 1 This section applies where, on a disposal of trust business assets, there is (in addition to the qualifying beneficiary) at…
Section 169VO — The appropriate number
The appropriate number 169VO 1 The “ appropriate number ” for the purposes of section 169VN(5) is the number found by multiplying the number of shares that are in the new holding concerned…
Section 169P — Amount of relief: special provision for certain associated disposals
Amount of relief: special provision for certain associated disposals 169P 1 This section applies where, on a disposal associated with a relevant material disposal, any of the conditions in subsection…
Section 169VP — Reorganisations where consideration given
Reorganisations where consideration given 169VP 1 This section applies where— a there is a reorganisation within the meaning of section 126, b immediately before the reorganisation, a qualifying…
Section 169Q — Reorganisations: disapplication of section 127
Reorganisations: disapplication of section 127 169Q 1 This section applies where— a there is a reorganisation (within the meaning of section 126), and b the original shares and the new holding…
Section 169VQ — Exchange of shares for those in another company
Exchange of shares for those in another company 169VQ 1 This section applies where section 135 applies in relation to an issue of shares in a company (“company B”) in exchange for shares in another…
Section 169R — Reorganisations involving acquisition of qualifying corporate bonds
Reorganisations involving acquisition of qualifying corporate bonds 169R 1 This section applies where the calculation under section 116(10)(a) would (apart from this section) have effect to produce a…
Section 169VR — New shares issued on scheme of reconstruction
New shares issued on scheme of reconstruction 169VR 1 This section applies where— a section 136 applies in relation to an arrangement between a company (“company A”) and the persons holding shares,…
Section 169S — Interpretation of Chapter
Interpretation of Chapter 169S 1 For the purposes of this Chapter “ a business ” means anything which— a is a trade, profession or vocation, and b is conducted on a commercial basis and with a view…
Section 169VS — Modification of conditions for being a qualifying share
Modification of conditions for being a qualifying share 169VS 1 This section applies where— a an ordinary share (“the original share”) is subscribed for by a qualifying person (“the investor”); b the…
Section 169T — Overview of Chapter
Overview of Chapter 169T This Chapter makes provision about claiming business asset disposal relief in certain cases where, in relation to held-over gains that originally arose on a business…
Section 169VT — Election to disapply section 127
Election to disapply section 127 169VT 1 This section applies where— a there is— i a reorganisation (within the meaning of section 126), or ii an exchange of shares which is treated as such a…
Section 169U — Eligibility conditions for deferred business asset disposal relief
Eligibility conditions for deferred business asset disposal relief 169U 1 Section 169V applies if, ignoring the operation of section 169V(2)(b), each of the following conditions is met. 2 The first…
Section 169VU — “Subscribe” etc
“Subscribe” etc 169VU 1 For the purposes of this Chapter (other than this subsection) a person “subscribes for” a share in a company if— a that person subscribes for the share, b the share is issued…
Section 169V — Operation of deferred business asset disposal relief
Operation of deferred business asset disposal relief 169V 1 Where this section applies, the following rules have effect. 2 The gain mentioned in section 169U(2) (“the first eventual gain”)— a is…
Section 169VV — “Trading company” etc
“Trading company” etc 169VV 1 In this Chapter “ trading company ” and “ the holding company of a trading group ” have the same meaning as in section 165 (see section 165A). 2 For the purposes of this…
Section 169VW — “Relevant employee”
“Relevant employee” 169VW 1 This section applies to determine for the purposes of— a section 169VB(2)(g), or b section 169VH(2)(c), whether a particular person has at any time in the relevant period…
Section 169VX — “Unremunerated director”
“Unremunerated director” 169VX 1 For the purposes of section 169VW a person (“ the person concerned ”) is an “unremunerated director” of the issuing company or a connected company at a particular…
Section 169VY — General definitions
General definitions 169VY In this Chapter— “employee” (except in the expression “relevant employee”, which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA…
Section 170 — Interpretation of sections 171 to 181.
Interpretation of sections 171 to 181. 170 1 This section has effect for the interpretation of sections 171 to 181 except in so far as the context otherwise requires, and in those sections— a “…
Section 171 — Transfers within a group: general provisions.
Transfers within a group: general provisions. 171 1 Where— a a company (“ company A ”) disposes of an asset to another company (“ company B ”) at a time when both companies are members of the same…
Section 171A — Election to reallocate gain or loss to another member of the group
Election to reallocate gain or loss to another member of the group 171A 1 This section applies where— a a chargeable gain or an allowable loss accrues to a company (“company A”) in respect of an…
Section 171B — Election under section 171A: effect
Election under section 171A: effect 171B 1 This section applies where an election is made under section 171A. 2 The effect of the election is that the chargeable gain or allowable loss, or such…
Section 171C — Elections under section 171A: insurance companies
Elections under section 171A: insurance companies 171C 1 This section applies where — a an election is made under section 171A in relation to a gain or loss, and b company B is an insurance company.…
Section 172 — Transfer of United Kingdom branch or agency.
Transfer of United Kingdom branch or agency. 172 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 173 — Transfers within a group: trading stock.
Transfers within a group: trading stock. 173 1 Where— a a company (“company A”) acquires an asset as trading stock of a trade to which this section applies, b the acquisition is from a company…
Section 174 — Disposal or acquisition outside a group.
Disposal or acquisition outside a group. 174 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . .…
Section 175 — Replacement of business assets by members of a group.
Replacement of business assets by members of a group. 175 1 Subject to subsection (2) below, for the purposes of sections 152 to 158 all the trades to which this section applies carried on by members…
Section 176 — Depreciatory transactions within a group.
Depreciatory transactions within a group. 176 1 This section has effect as respects a disposal of shares in, or securities of, a company (“ the ultimate disposal ”) if the value of the shares or…
Section 177 — Dividend stripping.
Dividend stripping. 177 1 The provisions of this section apply where one company (“ the first company ”) has a holding in another company (“ the second company ”) and the following conditions are…
Section 177A — Restriction on set-off of pre-entry losses.
Restriction on set-off of pre-entry losses. 177A Schedule 7A to this Act (which makes provision in relation to losses accruing to a company before the time when it becomes a member of a group of…
Section 177B — Restrictions on setting losses against pre-entry gains.
Restrictions on setting losses against pre-entry gains. 177B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 178 — Company ceasing to be member of group: pre-appointed day cases.
Company ceasing to be member of group: pre-appointed day cases. 178 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 179 — Company ceasing to be member of group: post-appointed day cases.
Company ceasing to be member of group: post-appointed day cases. 179 1 This section applies where— a a company (“ company A ”) acquires an asset from another company (“ company B ”) at a time when…
Section 179A — Reallocation within group of gain or loss accruing under section 179
Reallocation within group of gain or loss accruing under section 179 179A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 179ZA — Claim for adjustment of calculations under section 179
Claim for adjustment of calculations under section 179 179ZA 1 This section applies where— a a gain accrues to a company (“company A”) on a sale referred to in subsection (3) or (6) of section 179,…
Section 179B — Roll-over of degrouping charge on business assets
Roll-over of degrouping charge on business assets 179B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 180 — Transitional provisions.
Transitional provisions. 180 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 181 — Exemption from charge under 178 or 179 in the case of certain mergers.
Exemption from charge under 178 or 179 in the case of certain mergers. 181 1 Subject to the following provisions of this section, section 179 shall not apply in a case where— a as part of a merger, a…
Section 182 — Disposals of debts.
Disposals of debts. 182 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .