Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 261F — Deemed manufactured payments: effect on repurchase price
Deemed manufactured payments: effect on repurchase price 261F 1 This section applies if — a the repurchase price of UK shares, UK securities or overseas securities is treated by section 604(2), (4)…
Section 261G — Price differences under repos: effect on repurchase price
Price differences under repos: effect on repurchase price 261G 1 Subsections (2) and (3) apply if— a section 607 of ITA 2007 (treatment of price differences under repos) applies, b an amount is…
Section 261H — Power to modify section 261G in non-arm's length case
Power to modify section 261G in non-arm's length case 261H 1 The Treasury may by regulations provide for section 261G to apply with modifications if the exception in section 608(2) of ITA 2007…
Section 262 — Chattel exemption.
Chattel exemption. 262 1 Subject to this section a gain accruing on a disposal of an asset which is tangible movable property shall not be a chargeable gain if the amount or value of the…
Section 263 — Passenger vehicles.
Passenger vehicles. 263 A mechanically propelled road vehicle constructed or adapted for the carriage of passengers, except for a vehicle of a type not commonly used as a private vehicle and…
Section 263A — Agreements for sale and repurchase of securities: capital gains tax
Agreements for sale and repurchase of securities: capital gains tax 263A A1 For the purposes of this section there is a repo in respect of securities if— a a person (“the original owner”) has agreed…
Section 263AA — Section 263A: interpretation
Section 263A: interpretation 263AA 1 Subsections (2) to (7) apply for the purposes of section 263A. 2 References to buying back securities include references to— a buying similar securities, and b in…
Section 263AZA — Renewables obligation certificates for domestic microgeneration
Renewables obligation certificates for domestic microgeneration 263AZA 1 A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if— a the…
Section 263CA — Stock lending: insolvency etc of borrower
Stock lending: insolvency etc of borrower 263CA 1 This section applies where, in the case of any stock lending arrangement— a the borrower (B) becomes insolvent after the lender (L) has transferred…
Section 263ZA — Former employees: employment-related liabilities
Former employees: employment-related liabilities 263ZA 1 This section applies if— a a deduction of the amount of one or more deductible payments may be made under section 555 of ITEPA 2003 (former…
Section 263B — Stock lending arrangements.
Stock lending arrangements. 263B 1 In this section “ stock lending arrangement ” means so much of any arrangements between two persons (“ the borrower ” and “the lender”) as are arrangements under…
Section 263C — Stock lending involving redemption.
Stock lending involving redemption. 263C 1 In section 263B references to the transfer back to a person of securities transferred by him shall be taken to include references to the payment to him, in…
Section 263D — Gains accruing to persons paying manufactured dividends
Gains accruing to persons paying manufactured dividends 263D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 263E — Structured finance arrangements
Structured finance arrangements 263E 1 This section applies if— a section 809BZB or 809BZC of ITA 2007 or section 759 or 760 of CTA 2010 (disregard of intended effects of arrangement involving…
Section 263F — Power to modify repo provisions: non-standard repo cases
Power to modify repo provisions: non-standard repo cases 263F 1 The Treasury may by regulations provide for— a section 261F (deemed manufactured payments: effect on repurchase price), b section 261G…
Section 263G — Power to modify repo provisions: redemption arrangements
Power to modify repo provisions: redemption arrangements 263G 1 The Treasury may by regulations provide for— a section 261F (deemed manufactured payments: effect on repurchase price), b section 261G…
Section 263H — Sections 263F and 263G: supplementary provisions
Sections 263F and 263G: supplementary provisions 263H 1 Regulations under section 263F or 263G may make different provision for different cases. 2 Regulations under either section may contain…
Section 263I — Powers about manufactured overseas dividends
Powers about manufactured overseas dividends 263I 1 The Treasury may by regulations make provision as mentioned in subsection (2) about prescribed cases where a person— a pays or receives an amount…
Section 264 — Relief for local constituency associations of political parties on reorganisation of constituencies.
Relief for local constituency associations of political parties on reorganisation of constituencies. 264 1 In this section “ relevant date ” means the date of coming into operation of an Order in…
Section 265 — Designated international organisations.
Designated international organisations. 265 1 Where— a the United Kingdom or any of the Communities is a member of an international organisation; and b the agreement under which it became a member…
Section 266 — Inter-American Development Bank.
Inter-American Development Bank. 266 A security issued by the Inter-American Development Bank shall be taken for the purposes of this Act to be situated outside the United Kingdom.
Section 267 — Sharing of transmission facilities.
Sharing of transmission facilities. 267 1 This section applies to any agreement relating to the sharing of transmission facilities— a to which the parties are national broadcasting companies, b which…
Section 268 — Decorations for valour or gallant conduct.
Decorations for valour or gallant conduct. 268 A gain shall not be a chargeable gain if accruing on the disposal by any person of a decoration awarded for valour or gallant conduct which he acquired…
Section 268A — Victims of National-Socialist persecution
Victims of National-Socialist persecution 268A 1 A gain accruing on a disposal is not a chargeable gain if it accrues on— a a disposal of the right to receive the whole or any part of a qualifying…
Section 268B — Compensation for deprivation of foreign assets
Compensation for deprivation of foreign assets 268B 1 A gain is not a chargeable gain if— a it accrues to a person on receipt of a capital sum paid by way of compensation for the deprivation of a…
Section 269 — Foreign currency for personal expenditure.
Foreign currency for personal expenditure. 269 A gain shall not be a chargeable gain if accruing on the disposal by an individual of currency of any description acquired by him for the personal…
Section 270 — Chevening Estate.
Chevening Estate. 270 The enactments relating to capital gains tax (apart from this section) shall not apply in respect of property held on the trusts of the trust instrument set out in the Schedule…
Section 271 — Other miscellaneous exemptions.
Other miscellaneous exemptions. 271 1 The following gains shall not be chargeable gains— a gains accruing on the disposal of stock— i transferred, in pursuance of any Act of Parliament, to accounts…
Section 271A — Overview of Chapter
Overview of Chapter 271A 1 This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax. 2…
Section 271ZA — Visiting forces and staff of designated allied headquarters
Visiting forces and staff of designated allied headquarters 271ZA 1 This section applies for the purposes of capital gains tax if section 833 of ITA 2007 (visiting forces and staff of designated…
Section 271B — Branch or agency treated as UK representative
Branch or agency treated as UK representative 271B 1 This section applies if— a a non-UK resident carries on (alone or in partnership) any trade, profession or vocation through a branch or agency in…
Section 271ZB — Official agents of Commonwealth countries or Republic of Ireland etc
Official agents of Commonwealth countries or Republic of Ireland etc 271ZB 1 An individual who is entitled to immunity from income tax as a result of section 841 of ITA 2007 (official agents of…
Section 271C — Trade or profession carried on in partnership
Trade or profession carried on in partnership 271C 1 Subsection (2) applies if a trade or profession carried on by a non-UK resident through a branch or agency in the United Kingdom is carried on by…
Section 271D — Interpretation of Chapter
Interpretation of Chapter 271D In this Chapter— “ branch or agency ” means any factorship, agency, receivership, branch or management, and “ non-UK resident ” means a person who is not resident in…
Section 271E — Introduction to Chapter
Introduction to Chapter 271E 1 This Chapter applies to the enactments contained in— a this Act, b the Tax Acts, and c subordinate legislation made under this Act or the Tax Acts, so far as they make…
Section 271F — Obligations and liabilities of UK representative
Obligations and liabilities of UK representative 271F 1 The obligations and liabilities of a non-UK resident are to be treated, for the purposes of the enactments to which this Chapter applies, as if…
Section 271G — Exceptions: notices and information
Exceptions: notices and information 271G 1 An obligation or liability attaching to a non-UK resident (“X”) by reason of a notice or other document having been given or served on X does not also…
Section 271H — Exceptions: criminal offences and penalties etc
Exceptions: criminal offences and penalties etc 271H 1 A person is not by virtue of section 271F liable to be proceeded against for a criminal offence unless the person— a committed the offence, or b…
Section 271I — Indemnities
Indemnities 271I 1 An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section…
Section 271J — Meaning of “non-UK resident” and “independent agent”
Meaning of “non-UK resident” and “independent agent” 271J 1 In this Chapter “ non-UK resident ” means a person who is not resident in the United Kingdom. 2 In this Chapter “ independent agent ”, in…
Section 272 — Valuation: general.
Valuation: general. 272 1 In this Act “ market value ” in relation to any assets means the price which those assets might reasonably be expected to fetch on a sale in the open market. 2 In estimating…
Section 273 — Unquoted shares and securities.
Unquoted shares and securities. 273 1 The provisions of subsection (3) below shall have effect in any case where, in relation to an asset to which this section applies, there falls to be determined…
Section 274 — Value determined for inheritance tax.
Value determined for inheritance tax. 274 Where on the death of any person inheritance tax is chargeable on the value of his estate immediately before his death and the value of an asset forming part…
Section 275 — Location of assets.
Location of assets. 275 1 For the purposes of this Act— a the situation of rights or interests (otherwise than by way of security) in or over immovable property is that of the immovable property, b…
Section 275A — Location of certain intangible assets
Location of certain intangible assets 275A 1 This section applies for the purpose of determining whether the situation of an intangible asset (“asset A”) is in the United Kingdom if the situation of…
Section 275B — Section 275A: supplementary provisions
Section 275A: supplementary provisions 275B 1 For the purposes of section 275A, the situation of an asset is not otherwise determined if, apart from that section, this Act does not make any provision…
Section 275C — Location of assets: interests of co-owners
Location of assets: interests of co-owners 275C 1 This section applies for determining for the purposes of this Act— a the situation of an interest (see subsection (4)) in an asset, or b whether the…
Section 276 — The territorial sea and the continental shelf.
The territorial sea and the continental shelf. 276 1 The territorial sea of the United Kingdom shall for all purposes of the taxation of chargeable gains (including the following provisions of this…
Section 276A — No gain/no loss: foreign permanent establishment exemption
No gain/no loss: foreign permanent establishment exemption 276A 1 On a no gain/no loss disposal by a company in relation to which an election under section 18A of CTA 2009 (exemption for profits or…
Section 277 — Double taxation relief.
Double taxation relief. 277 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .