Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 223A — Amount of relief: non-resident CGT disposals
Amount of relief: non-resident CGT disposals 223A 1 This section applies where— a the individual mentioned in section 223(1) (“P”) acquired the asset to which the gain mentioned in section 222(1) is…
Section 223ZA — Amount of relief: individual’s residency delayed by certain events
Amount of relief: individual’s residency delayed by certain events 223ZA 1 Subsection (4) below applies where— a a gain to which section 222 applies accrues to an individual on the disposal of, or of…
Section 223B — Additional relief: part of private residence let out
Additional relief: part of private residence let out 223B 1 Where— a a gain to which section 222 applies accrues to an individual on the disposal of, or of an interest in, a dwelling-house or part of…
Section 224 — Relief under sections 223 and 223B : further provisions.
Relief under sections 223 and 223B : further provisions. 224 1 If a gain to which section 222 applies accrues on the disposal of a dwelling-house or part of a dwelling-house part of which is used…
Section 225 — Private residence occupied under terms of settlement.
Private residence occupied under terms of settlement. 225 1 Sections 222 to 224 shall also apply in relation to a gain accruing to the trustees of a settlement on a disposal of settled property being…
Section 225A — Private residence held by personal representatives
Private residence held by personal representatives 225A 1 Sections 222 to 224 shall also apply in relation to a gain accruing to the personal representatives of a deceased person on a disposal of an…
Section 225BA — Deferred payments on disposals in connection with divorce etc
Deferred payments on disposals in connection with divorce etc 225BA 1 This section applies where— a an individual (“ A ”) ceases to live with A’s spouse or civil partner (“ B ”) in a dwelling-house…
Section 225B — Disposals in connection with divorce, etc
Disposals in connection with divorce, etc 225B 1 Where an individual— a ceases to live with his spouse or civil partner in a dwelling-house or part of a dwelling-house which is their only or main…
Section 225C — Sale of private residence under certain agreements with employer, etc
Sale of private residence under certain agreements with employer, etc 225C 1 This section applies where— a an individual disposes of, or of an interest in, a dwelling-house or a part of a…
Section 225D — Private residence of adult placement carer
Private residence of adult placement carer 225D 1 This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part…
Section 225E — Disposals by disabled persons or persons in care homes etc
Disposals by disabled persons or persons in care homes etc 225E 1 This section applies where a gain to which section 222 applies accrues to an individual and— a the conditions in subsection (2) are…
Section 226 — Private residence occupied by dependent relative before 6th April 1988.
Private residence occupied by dependent relative before 6th April 1988. 226 1 Subject to subsection (3) below, this section applies to a gain accruing to an individual so far as attributable to the…
Section 226A — Private residence relief: cases where relief obtained under section 260
Private residence relief: cases where relief obtained under section 260 226A 1 This section applies where— a section 223 applies, or would apart from this section apply, in relation to a gain or part…
Section 226B — Exception to section 226A
Exception to section 226A 226B 1 Section 226A shall not apply in relation to a later disposal made by the trustees of a settlement if the trustees have elected that section 508 of ITA 2007 (trustees’…
Section 227 — Conditions for roll-over relief.
Conditions for roll-over relief. 227 1 Relief is available under section 229(1) where each of the 6 conditions set out in subsections (2) to (7) below is fulfilled. 2 The first condition is that a…
Section 228 — Conditions for relief: supplementary.
Conditions for relief: supplementary. 228 1 This section applies for the purposes of section 227. 2 The entitlement period is the period beginning with the disposal and ending on the expiry of 12…
Section 229 — The relief.
The relief. 229 1 In a case where relief is available under this subsection the claimant shall, on making a claim in the period of 2 years beginning with the acquisition, be treated for the purposes…
Section 230 — Dwelling-houses: special provision.
Dwelling-houses: special provision. 230 1 Subsection (2) below applies where— a a claim is made under section 229, b immediately after the time of the acquisition mentioned in section 227(5) and…
Section 231 — Shares: special provision.
Shares: special provision. 231 1 Subsection (2) below applies where— a a claim is made under section 229, b immediately after the time of the acquisition mentioned in section 227(5) and apart from…
Section 232 — Chargeable event when replacement assets owned.
Chargeable event when replacement assets owned. 232 1 Subsection (3) below applies where— a the provisions of section 229(1) or (3) are applied, b a chargeable event occurs in relation to the…
Section 233 — Chargeable event when replacement property owned.
Chargeable event when replacement property owned. 233 1 Subsection (3) below applies where— a paragraphs (a) to (c) of section 232(1) are fulfilled, and b the condition set out below is fulfilled. 2…
Section 234 — Chargeable events when bonds owned.
Chargeable events when bonds owned. 234 1 Subsection (3) below applies where— a paragraphs (a) to (c) of section 232(1) are fulfilled, and b the condition set out below is fulfilled. 2 The condition…
Section 235 — Information.
Information. 235 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236 — Prevention of double charge.
Prevention of double charge. 236 1 Where a charge can be said to accrue by virtue of section 232 or 233 in respect of any of the gain carried forward by virtue of section 229(1) or (3), so much of…
Section 236A — Relief for transfers to share incentive plans
Relief for transfers to share incentive plans 236A Schedule 7C (which makes provision for roll-over relief where shares are transferred to a Schedule 2 share incentive plan) shall have effect.
Section 236LA — Trustee independence requirement
Trustee independence requirement 236LA 1 A settlement meets the trustee independence requirement if— a less than 50% of the trustees are persons who are excluded participators, and b excluded…
Section 236B — Exemption for employee shareholder shares
Exemption for employee shareholder shares 236B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236C — Only first £50,000 of shares under associated agreements to be exempt
Only first £50,000 of shares under associated agreements to be exempt 236C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236D — Shares not exempt if shareholder or connected person has material interest in company
Shares not exempt if shareholder or connected person has material interest in company 236D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236E — Identification of exempt employee shareholder shares
Identification of exempt employee shareholder shares 236E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236F — Reorganisation of share capital involving employee shareholder shares
Reorganisation of share capital involving employee shareholder shares 236F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 236G — Relinquishment of employment rights is not disposal of an asset
Relinquishment of employment rights is not disposal of an asset 236G 1 This section applies where an individual has acquired shares in consideration of entering into an agreement by virtue of which…
Section 236H — Disposals to employee-ownership trusts
Disposals to employee-ownership trusts 236H 1 This section applies where— a a person other than a company (“P”) disposes of any ordinary share capital of a company (“C”) to the trustees of a…
Section 236I — Trading requirement
Trading requirement 236I 1 C meets the trading requirement if C is— a a trading company which is not a member of a group, or b the principal company of a trading group. 2 “Trading company” means a…
Section 236J — All-employee benefit requirement
All-employee benefit requirement 236J 1 A settlement meets the all-employee benefit requirement if the trusts of the settlement— a do not permit any of the settled property to be applied, at any…
Section 236K — Further provision about the equality requirement
Further provision about the equality requirement 236K 1 The requirement in section 236J(1)(a) (“the equality requirement”) is not infringed by the trusts by reason only that they— a permit the…
Section 236L — Cases in which all-employee benefit requirement treated as met
Cases in which all-employee benefit requirement treated as met 236L 1 A settlement which would not otherwise meet the all-employee benefit requirement at any time is treated as meeting that…
Section 236M — Controlling interest requirement
Controlling interest requirement 236M 1 A settlement meets the controlling interest requirement if— a the trustees— i hold more than 50% of the ordinary share capital of C, and ii have powers of…
Section 236N — Limited participation requirement
Limited participation requirement 236N 1 The limited participation requirement is met if Conditions A and B are met. 2 Condition A is that there was no time in the period of 12 months ending…
Section 236O — No section 236H relief if disqualifying event in next four tax years
No section 236H relief if disqualifying event in next four tax years 236O 1 This section applies where— a a disposal is made in circumstances where paragraphs (a) and (b) of section 236H(1) are…
Section 236P — Events which trigger deemed disposal and reacquisition by trustees
Events which trigger deemed disposal and reacquisition by trustees 236P 1 Where the trustees of a settlement acquire any ordinary share capital in a tax year in circumstances where section 236H…
Section 236Q — Relief for deemed disposals under section 71
Relief for deemed disposals under section 71 236Q 1 This section applies where— a a deemed disposal arises under section 71(1) by reason of the trustees of a settlement (“the acquiring settlement”)…
Section 236R — No section 236Q relief if disqualifying event in next four tax years
No section 236Q relief if disqualifying event in next four tax years 236R 1 This section applies where— a a deemed disposal arises in circumstances where paragraphs (a) to (c) of section 236Q(1) are…
Section 236S — Identification of shares where section 236H or 236Q applies
Identification of shares where section 236H or 236Q applies 236S 1 This section applies where the trustees of a settlement hold— a shares which were— i acquired in circumstances where section 236H…
Section 236T — Further provision about significant and controlling interests
Further provision about significant and controlling interests 236T 1 This section applies for the purposes of— a section 236L(2) (trustees hold a significant interest in C), and b section 236M…
Section 236U — Interpretation of sections 236H to 236U
Interpretation of sections 236H to 236U 236U 1 In sections 236H to 236T and this section— “company” has the meaning given by section 170(9); “ordinary share capital” has the meaning given by section…
Section 237 — Superannuation funds, annuities and annual payments.
Superannuation funds, annuities and annual payments. 237 No chargeable gain shall accrue to any person on the disposal of a right to, or to any part of— a any allowance, annuity or capital sum…
Section 237A — Share option schemes: release and replacement of options.
Share option schemes: release and replacement of options. 237A 1 This section applies in any case where a right to acquire shares in a body corporate (“the old right”) which was obtained by an…
Section 238 — Approved profit sharing and share option schemes.
Approved profit sharing and share option schemes. 238 1 Notwithstanding anything in a profit sharing scheme approved under Schedule 9 of the Taxes Act or in paragraph 2(2) of that Schedule or in the…
Section 238A — ... Share schemes and share incentives
... Share schemes and share incentives 238A 1 Schedule 7D ( ... share schemes and share incentives) shall have effect. 2 Schedule 7D relates— a in Part 1, to Schedule 2 share incentive plans (SIPs)…