Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 183 — Disposals of shares.
Disposals of shares. 183 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 184 — Definitions and other provisions supplemental to sections 182 and 183.
Definitions and other provisions supplemental to sections 182 and 183. 184 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 184A — Restrictions on buying losses: tax avoidance schemes
Restrictions on buying losses: tax avoidance schemes 184A 1 This section applies for the purposes of corporation tax in respect of chargeable gains if— a at any time (“ the relevant time ”) there is…
Section 184B — Restrictions on buying gains: tax avoidance schemes
Restrictions on buying gains: tax avoidance schemes 184B 1 This section applies for the purposes of corporation tax in respect of chargeable gains if— a at any time (“ the relevant time ”) there is a…
Section 184C — Sections 184A and 184B: meaning of “qualifying change of ownership”
Sections 184A and 184B: meaning of “qualifying change of ownership” 184C 1 For the purposes of sections 184A and 184B, there is a qualifying change of ownership in relation to a company at any time…
Section 184D — Sections 184A and 184B: meaning of “tax advantage”
Sections 184A and 184B: meaning of “tax advantage” 184D For the purposes of sections 184A and 184B, “ tax advantage ” means— a relief or increased relief from corporation tax, b repayment or…
Section 184E — Sections 184A and 184B: “pre-change assets”: basic rules
Sections 184A and 184B: “pre-change assets”: basic rules 184E 1 If— a a company other than the relevant company makes a disposal of an asset, and b the asset has been disposed of at any time after…
Section 184F — Sections 184A and 184B: “pre-change assets”: pooling rules
Sections 184A and 184B: “pre-change assets”: pooling rules 184F 1 This section applies, in the case of any pre-change asset of the relevant company or any pre-change asset of any company which is…
Section 184G — Avoidance involving losses: schemes converting income to capital
Avoidance involving losses: schemes converting income to capital 184G 1 This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied. 2…
Section 184H — Avoidance involving losses: schemes securing deductions
Avoidance involving losses: schemes securing deductions 184H 1 This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied. 2 Condition…
Section 184I — Notices under sections 184G and 184H
Notices under sections 184G and 184H 184I 1 Subsection (2) applies if— a the Board give a notice under section 184G or 184H (a “relevant notice”) to a company that specifies an accounting period, and…
Section 184J — Asset subject to EU exit charge on becoming chargeable asset
Asset subject to EU exit charge on becoming chargeable asset 184J 1 This section applies if— a an asset becomes a chargeable asset in relation to a company by reason of an event specified in…
Section 185 — Deemed disposal of assets on company ceasing to be resident in U.K.
Deemed disposal of assets on company ceasing to be resident in U.K. 185 1 This section applies to a company if, at any time (“ the relevant time ”), the company ceases to be resident in the United…
Section 186 — Deemed disposal of assets on company ceasing to be liable to U.K. taxation.
Deemed disposal of assets on company ceasing to be liable to U.K. taxation. 186 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 187 — Postponement of charge on deemed disposal under section 185 or 186.
Postponement of charge on deemed disposal under section 185 or 186. 187 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 187A — Deemed disposal under section 185: ATED-related gains and losses
Deemed disposal under section 185: ATED-related gains and losses 187A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 187B — Postponing gain or loss under section 185(2): interests in UK land
Postponing gain or loss under section 185(2): interests in UK land 187B 1 This section applies if an interest in UK land is deemed to have been disposed of under section 185(2) by a company at any…
Section 188 — Dual resident companies: deemed disposal of certain assets.
Dual resident companies: deemed disposal of certain assets. 188 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188A — Election for pooling
Election for pooling 188A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188B — Meaning of “NRCGT group”
Meaning of “NRCGT group” 188B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188C — Transfers within an NRCGT group
Transfers within an NRCGT group 188C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188D — Person chargeable to capital gains tax on NRCGT gains accruing to members of an NRCGT group
Person chargeable to capital gains tax on NRCGT gains accruing to members of an NRCGT group 188D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188E — Further provision about group losses
Further provision about group losses 188E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188F — Companies becoming eligible to join an NRCGT group
Companies becoming eligible to join an NRCGT group 188F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188G — Company ceasing to be a member of an NRCGT group
Company ceasing to be a member of an NRCGT group 188G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188H — The responsible members of an NRCGT group
The responsible members of an NRCGT group 188H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188I — Joint and several liability of responsible members
Joint and several liability of responsible members 188I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188J — The representative company of an NRCGT group
The representative company of an NRCGT group 188J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 188K — Interpretation of sections 188A to 188J
Interpretation of sections 188A to 188J 188K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 189 — Capital distribution of chargeable gains: recovery of tax from shareholder.
Capital distribution of chargeable gains: recovery of tax from shareholder. 189 1 This section applies where a person who is connected with a company resident in the United Kingdom receives or…
Section 190 — Tax recoverable from another group company or controlling director.
Tax recoverable from another group company or controlling director. 190 1 This section applies where— a a chargeable gain has accrued to a company (“ the taxpayer company ”), b the condition in…
Section 192 — Tax exempt distributions.
Tax exempt distributions. 192 1 This section has effect for facilitating certain transactions whereby trading activities carried on by a single company or group are divided so as to be carried on by…
Section 192A — Exemptions for gains or losses on disposal of shares etc
Exemptions for gains or losses on disposal of shares etc 192A Schedule 7AC (exemptions for disposal of shares etc by companies with substantial shareholding) has effect.
Section 193 — Roll-over relief not available for gains on oil licences.
Roll-over relief not available for gains on oil licences. 193 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 194 — Disposals of oil licences relating to undeveloped areas.
Disposals of oil licences relating to undeveloped areas. 194 1 In this section any reference to a disposal (including a part disposal) is a reference to a disposal made by way of a bargain at arm’s…
Section 195 — Allowance of certain drilling expenditure etc.
Allowance of certain drilling expenditure etc. 195 1 On the disposal of a licence, relevant qualifying expenditure incurred by the person making the disposal— a in searching for oil anywhere in the…
Section 195A — Oil licence swaps
Oil licence swaps 195A 1 Sections 195B to 195F apply for the purposes of corporation tax on chargeable gains. 2 In those sections— “ licence-consideration swap ” means a case where conditions A, B, C…
Section 195B — Licence-consideration swap
Licence-consideration swap 195B 1 This section applies to a licence-consideration swap. 2 Each company participating in the swap is to be treated as follows. 3 As regards the licence, or each…
Section 195C — Company that receives mixed consideration: N exceeds C
Company that receives mixed consideration: N exceeds C 195C 1 This section applies to a mixed-consideration swap if— a the no gain/no loss loss amount (“N”) of the company that receives the mixed…
Section 195D — Company that receives mixed consideration: N does not exceed C
Company that receives mixed consideration: N does not exceed C 195D 1 This section applies to a mixed-consideration swap if— a the no gain/no loss amount (“N”) of the company that receives the mixed…
Section 195E — Company that gives mixed consideration
Company that gives mixed consideration 195E 1 This section applies to a mixed-consideration swap— a whatever the no gain/no loss amount (“N”) of the company that gives the mixed consideration…
Section 195F — Reimbursed expenditure
Reimbursed expenditure 195F 1 This section applies if— a expenditure is incurred by company A or company B (see section 195A) on a licence disposed of by it under a licence-consideration swap or…
Section 196 — Interpretation of sections 194 to . 195F
Interpretation of sections 194 to . 195F 196 1 For the purposes of section 194 and this section , a UK licence relates to an undeveloped area at any time if— a for no part of the licensed area has…
Section 197 — Disposals of interests in oil fields etc: ring fence provisions.
Disposals of interests in oil fields etc: ring fence provisions. 197 1 This section applies where in pursuance of a transfer by a participator in an oil field of the whole or part of his interest in…
Section 198 — Replacement of business assets used in connection with oil fields.
Replacement of business assets used in connection with oil fields. 198 1 If the consideration which a person obtains on a material disposal is applied, in whole or in part, as mentioned in subsection…
Section 198A — Ring fence reinvestment: whole consideration reinvested
Ring fence reinvestment: whole consideration reinvested 198A 1 This section applies if a person (“P”) makes a disposal and acquisition which— a is a ring fence reinvestment, and b qualifies for…
Section 198B — Ring fence reinvestment: part of consideration reinvested
Ring fence reinvestment: part of consideration reinvested 198B 1 This section applies if a person (“P”) makes a disposal and acquisition which— a is a ring fence reinvestment, and b qualifies for…
Section 198C — Provisional application of sections 198A and 198B
Provisional application of sections 198A and 198B 198C 1 This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets…
Section 198D — No double claims
No double claims 198D 1 If P makes a claim under section 198A or 198B, no other relevant claim may be made in respect of the relevant acquisition. 2 P may make a claim under section 198A or 198B…
Section 198E — Ring fence reinvestments and disposal consideration
Ring fence reinvestments and disposal consideration 198E 1 This section applies for the purposes of sections 198A to 198G. 2 A disposal and acquisition is a ring fence reinvestment if— a the disposal…