Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 13 — Attribution of gains to members of non-resident companies.
Attribution of gains to members of non-resident companies. 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 13A — Section 13(5): interpretation
Section 13(5): interpretation 13A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14 — Non-resident groups of companies.
Non-resident groups of companies. 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14A — Section 13: non-UK domiciled individuals
Section 13: non-UK domiciled individuals 14A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14B — Meaning of “non-resident CGT disposal”
Meaning of “non-resident CGT disposal” 14B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14C — Meaning of “disposal of a UK residential property interest”
Meaning of “disposal of a UK residential property interest” 14C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14D — Persons chargeable to capital gains tax on NRCGT gains
Persons chargeable to capital gains tax on NRCGT gains 14D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14E — Further provision about use of NRCGT losses
Further provision about use of NRCGT losses 14E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14F — Persons not chargeable under section 14D if a claim is made
Persons not chargeable under section 14D if a claim is made 14F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14G — Section 14F: divided companies
Section 14F: divided companies 14G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 14H — Section 14F: arrangements for avoiding tax
Section 14F: arrangements for avoiding tax 14H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 15 — Computation of gains.
Computation of gains. 15 1 The amount of the gains accruing on the disposal of assets shall be computed in accordance with this Part, subject to the other provisions of this Act. 2 Every gain shall,…
Section 16 — Computation of losses.
Computation of losses. 16 1 Subject to sections 261B, 261D and 263ZA and except as otherwise expressly provided, the amount of a loss accruing on a disposal of an asset shall be computed in the same…
Section 16A — Restrictions on allowable losses
Restrictions on allowable losses 16A 1 For the purposes of this Act, “ allowable loss ” does not include a loss accruing to a person if— a it accrues to the person directly or indirectly in…
Section 16ZA — Losses: non-UK domiciled individuals
Losses: non-UK domiciled individuals 16ZA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 16ZB — Individual who has made election under section 16ZA: foreign chargeable gains remitted in tax year after tax year in which accrue
Individual who has made election under section 16ZA: foreign chargeable gains remitted in tax year after tax year in which accrue 16ZB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 16ZC — Individual who has made election under section 16ZA and to whom remittance basis applies
Individual who has made election under section 16ZA and to whom remittance basis applies 16ZC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 16ZD — Section 16ZC: supplementary
Section 16ZC: supplementary 16ZD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 17 — Disposals and acquisitions treated as made at market value.
Disposals and acquisitions treated as made at market value. 17 1 Subject to the provisions of this Act, a person’s acquisition or disposal of an asset shall for the purposes of this Act be deemed to…
Section 18 — Transactions between connected persons.
Transactions between connected persons. 18 1 This section shall apply where a person acquires an asset and the person making the disposal is connected with him. 2 Without prejudice to the generality…
Section 19 — Deemed consideration in certain cases where assets disposed of in a series of transactions.
Deemed consideration in certain cases where assets disposed of in a series of transactions. 19 1 For the purposes of this Act, in any case where— a by way of 2 or more material transactions which are…
Section 20 — Original market value and aggregate market value for purposes of section 19.
Original market value and aggregate market value for purposes of section 19. 20 1 This section has effect for determining the original market value of assets and the aggregate market value of assets…
Section 21 — Assets and disposals.
Assets and disposals. 21 1 All forms of property shall be assets for the purposes of this Act, whether situated in the United Kingdom or not, including— a options, debts and incorporeal property…
Section 22 — Disposal where capital sums derived from assets.
Disposal where capital sums derived from assets. 22 1 Subject to sections 23 and 26(1), and to any other exceptions in this Act, there is for the purposes of this Act a disposal of assets by their…
Section 23 — Receipt of compensation and insurance money not treated as a disposal.
Receipt of compensation and insurance money not treated as a disposal. 23 1 If the recipient so claims, receipt of a capital sum within paragraph (a), (b), (c) or (d) of section 22(1) derived from an…
Section 24 — Disposals where assets lost or destroyed, or become of negligible value.
Disposals where assets lost or destroyed, or become of negligible value. 24 1 Subject to the provisions of this Act and, in particular to sections 140A(1D), 140E(7) and 144 , the occasion of the…
Section 24A — Structures and buildings contributions allowances: destruction of asset
Structures and buildings contributions allowances: destruction of asset 24A 1 This section applies if— a there is a deemed disposal of an asset by a person (“P”) under section 24(1), b the asset is…
Section 25 — Non-residents: deemed disposals.
Non-residents: deemed disposals. 25 1 Where an asset ceases by virtue of becoming situated outside the United Kingdom to be a chargeable asset in relation to a person, he shall be deemed for all…
Section 25A — Long funding leases of plant or machinery: deemed disposals
Long funding leases of plant or machinery: deemed disposals 25A 1 This section applies where plant or machinery is used for the purpose of leasing under a long funding lease. 2 The lessor shall be…
Section 25ZA — Postponing gain or loss under section 25(3): interests in UK land
Postponing gain or loss under section 25(3): interests in UK land 25ZA 1 This section applies if an interest in UK land is deemed to have been disposed of under section 25(3) by a person at any time.…
Section 26 — Mortgages and charges not to be treated as disposals.
Mortgages and charges not to be treated as disposals. 26 1 The conveyance or transfer by way of security of an asset or of an interest or right in or over it, or transfer of a subsisting interest or…
Section 26A — Transfers in respect of dormant assets
Transfers in respect of dormant assets 26A 1 This section applies where there is a transfer in respect of a dormant asset. 2 There is a transfer in respect of a dormant asset where an amount is…
Section 27 — Disposals in cases of hire-purchase and similar transactions.
Disposals in cases of hire-purchase and similar transactions. 27 A hire-purchase or other transaction under which the use and enjoyment of an asset is obtained by a person for a period at the end of…
Section 28 — Time of disposal and acquisition where asset disposed of under contract.
Time of disposal and acquisition where asset disposed of under contract. 28 1 Subject to section 22(2), and subsection (2) below, where an asset is disposed of and acquired under a contract the time…
Section 28A — Contracts completed after ordinary notification period
Contracts completed after ordinary notification period 28A 1 This section applies in relation to chargeable gains or allowable losses accruing on the disposal and acquisition of an asset under a…
Section 29 — General provisions.
General provisions. 29 1 Without prejudice to the generality of the provisions of this Act as to the transactions which are disposals of assets, any transaction which under the following subsections…
Section 30 — Tax-free benefits.
Tax-free benefits. 30 1 This section has effect as respects the disposal of an asset if a scheme has been effected or arrangements have been made (whether before or after the disposal) whereby— a the…
Section 31 — Disposal of shares or securities by a company
Disposal of shares or securities by a company 31 1 For the purposes of corporation tax, subsection (2) has effect as respects the disposal by a company (“the disposing company”) of shares in, or…
Section 31A — Asset-holding company leaving the group.
Asset-holding company leaving the group. 31A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 32 — Disposals within a group followed by a disposal of shares.
Disposals within a group followed by a disposal of shares. 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 33 — Provisions supplementary to sections 30 to 32.
Provisions supplementary to sections 30 to 32. 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 33A — Modification of sections 30 to 33 in relation to chargeable intangible asset
Modification of sections 30 to 33 in relation to chargeable intangible asset 33A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 34 — Transactions treated as a reorganisation of share capital.
Transactions treated as a reorganisation of share capital. 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 35 — Assets held on 31st March 1982 (including assets held on 6th April 1965).
Assets held on 31st March 1982 (including assets held on 6th April 1965). 35 1 This section applies to a disposal of an asset which was held on 31st March 1982 by the person making the disposal. 2 In…
Section 35A — Disposal of asset acquired on no gain/no loss disposal
Disposal of asset acquired on no gain/no loss disposal 35A 1 This section applies for the purposes of capital gains tax in relation to a disposal of an asset if— a the person making the disposal…
Section 36 — Deferred charges on gains before 31st March 1982.
Deferred charges on gains before 31st March 1982. 36 Schedule 4, which provides for the reduction of a deferred charge to corporation tax in respect of chargeable gains where the charge is wholly or…
Section 36A — Re-basing in relation to direct or indirect disposals of UK land
Re-basing in relation to direct or indirect disposals of UK land 36A Schedule 4AA makes provision for the re-basing of assets where— a the assets are held on 5 April 2019, b there is a disposal after…
Section 37 — Consideration chargeable to tax on income.
Consideration chargeable to tax on income. 37 1 There shall be excluded from the consideration for a disposal of assets taken into account in the computation of the gain any money or money’s worth…
Section 37A — Consideration on disposal of certain leases
Consideration on disposal of certain leases 37A 1 This section applies if— a a disposal occurs that is within section 614BP of ITA 2007 (including that section as it has effect as a result of section…
Section 37B — Consideration on certain disposals: structures and buildings allowances
Consideration on certain disposals: structures and buildings allowances 37B 1 This section applies on the disposal of an asset by a person if— a the asset is an interest in a building or structure…