Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 94 — Transfers of settled property where qualifying amounts not wholly matched.
Transfers of settled property where qualifying amounts not wholly matched. 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 95 — Matching after transfer.
Matching after transfer. 95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 96 — Payments by and to companies.
Payments by and to companies. 96 1 Where a capital payment is received from a qualifying company which is controlled by the trustees of a settlement at the time it is received, for the purposes of…
Section 97 — Supplementary provisions.
Supplementary provisions. 97 1 In sections 86A to 96 and Schedule 4C and this section “ capital payment ”— a means any payment which is neither— i chargeable to income tax on the recipient, nor ii…
Section 97A — Value of benefit conferred by capital payment made by way of loan
Value of benefit conferred by capital payment made by way of loan 97A 1 For the purposes of section 97(4), the value of the benefit conferred on a person (P) by a capital payment made by way of loan…
Section 97B — Value of benefit conferred by capital payment made by way of making movable property available
Value of benefit conferred by capital payment made by way of making movable property available 97B 1 For the purposes of section 97(4), the value of the benefit conferred by a capital payment…
Section 97C — Value of benefit conferred by capital payment made by way of making land available
Value of benefit conferred by capital payment made by way of making land available 97C 1 For the purposes of section 97(4), the value of the benefit conferred by a capital payment consisting of…
Section 98 — Power to obtain information for purposes of sections 87 to 90.
Power to obtain information for purposes of sections 87 to 90. 98 1 The Board may by notice require any person to furnish them within such time as they may direct, not being less than 28 days, with…
Section 98A — Settlements with foreign element: information.
Settlements with foreign element: information. 98A Schedule 5A to this Act (which contains general provisions about information relating to settlements with a foreign element) shall have effect.
Section 99 — Application of Act to unit trust schemes.
Application of Act to unit trust schemes. 99 1 This Act shall apply in relation to any unit trust scheme as if— a the scheme were a company, b the rights of the unit holders were shares in the…
Section 99A — Treatment of umbrella schemes
Treatment of umbrella schemes 99A 1 In this section an “ umbrella scheme ” means a relevant collective investment scheme — a which provides arrangements for separate pooling of the contributions of…
Section 99B — Calculation of the disposal cost of accumulation units
Calculation of the disposal cost of accumulation units 99B 1 For the purposes of computing the gain accruing on a disposal by a unit holder of units in a unit trust scheme and for the purposes of all…
Section 100 — Exemption for authorised unit trusts etc.
Exemption for authorised unit trusts etc. 100 1 Gains accruing to an authorised unit trust, an investment trust a venture capital trust or a court investment fund shall not be chargeable gains. 2 . .…
Section 100A — Exemption for certain EEA UCITS
Exemption for certain EEA UCITS 100A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 101 — Transfer of company’s assets to investment trust.
Transfer of company’s assets to investment trust. 101 1 Where section 139 has applied on the transfer of a company’s business (in whole or in part) to a company which at the time of the transfer was…
Section 101A — Transfer within group to investment trust.
Transfer within group to investment trust. 101A 1 This section applies where— a an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue of…
Section 101B — Transfer of company’s assets to venture capital trust.
Transfer of company’s assets to venture capital trust. 101B 1 Where section 139 has applied on the transfer of a company’s business (in whole or in part) to a company which at the time of the…
Section 101C — Transfer within group to venture capital trust.
Transfer within group to venture capital trust. 101C 1 This section applies where— a an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue…
Section 102 — Collective investment schemes with property divided into separate parts.
Collective investment schemes with property divided into separate parts. 102 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103 — Restriction on availability of indexation allowance.
Restriction on availability of indexation allowance. 103 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103A — Application of Act to certain offshore funds
Application of Act to certain offshore funds 103A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103DA — Tax transparent funds: share pooling etc
Tax transparent funds: share pooling etc 103DA A unit in a transparent fund is to be regarded as a security for the purposes of sections 104, 105, 107, 110 and 114 (share pooling, identification of…
Section 103KA — Carried interest
Carried interest 103KA 1 This section applies where— a an individual performs investment management services directly or indirectly in respect of an investment scheme under any arrangements, and b…
Section 103KFA — Election for carried interest gains to be chargeable as scheme profits arise
Election for carried interest gains to be chargeable as scheme profits arise 103KFA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103B — Application of section 99B to transparent funds
Application of section 99B to transparent funds 103B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103DB — UK property rich collective investment vehicles etc
UK property rich collective investment vehicles etc 103DB Schedule 5AAA makes provision in relation to collective investment vehicles where the property which is the subject of or held by the…
Section 103KB — Carried interest: consideration on disposal etc of right
Carried interest: consideration on disposal etc of right 103KB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103KFB — Election in relation to scheme to apply to associated schemes
Election in relation to scheme to apply to associated schemes 103KFB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103C — Power to make regulations about collective investment schemes
Power to make regulations about collective investment schemes 103C 1 The Treasury may by regulations make provision about the treatment of participants in collective investment schemes for the…
Section 103DC — Co-ownership schemes which are to be treated as partnerships
Co-ownership schemes which are to be treated as partnerships 103DC 1 The assets of a co-ownership scheme, which is not a tax transparent fund or an offshore collective investment vehicle, are treated…
Section 103KC — Carried interest: foreign chargeable gains
Carried interest: foreign chargeable gains 103KC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103KFC — Interaction with other charges
Interaction with other charges 103KFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103D — Application of Act to tax transparent funds
Application of Act to tax transparent funds 103D 1 For the purposes of this section— “tax transparent fund” means— an authorised contractual scheme which is a co-ownership scheme, ... a Reserved…
Section 103KD — Carried interest: anti-avoidance
Carried interest: anti-avoidance 103KD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103KFD — Deemed accrual of loss where carried interest never arises
Deemed accrual of loss where carried interest never arises 103KFD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103E — Application of Chapter
Application of Chapter 103E 1 In this Chapter (except this section) references to a collective investment scheme are to a collective investment scheme falling within any of the following paragraphs—…
Section 103KE — Carried interest: avoidance of double taxation
Carried interest: avoidance of double taxation 103KE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103KFE — Anti-avoidance
Anti-avoidance 103KFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103F — Exchanges of units for units in the same scheme
Exchanges of units for units in the same scheme 103F 1 This section applies in the following cases. Case 1 Where— a participant in a collective investment scheme exchanges units in the scheme for…
Section 103KF — Relief for external investors on disposal of partnership asset
Relief for external investors on disposal of partnership asset 103KF 1 If— a a chargeable gain accrues to an external investor in an investment scheme on the disposal of one or more partnership…
Section 103G — Exchange of units for those in another collective investment scheme
Exchange of units for those in another collective investment scheme 103G 1 This section applies in the following cases where units in a collective investment scheme (“collective investment scheme B”)…
Section 103KG — Meaning of “arise” in Chapter 5
Meaning of “arise” in Chapter 5 103KG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103H — Scheme of reconstruction involving issue of units
Scheme of reconstruction involving issue of units 103H 1 This section applies where— a for the purposes of, or in connection with, a scheme of reconstruction an arrangement is entered into by all the…
Section 103KH — Interpretation of Chapter 5
Interpretation of Chapter 5 103KH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 103I — Scheme of reconstruction involving conversion scheme
Scheme of reconstruction involving conversion scheme 103I 1 This section applies where— a a scheme of reconstruction is entered into and given effect to, and b for the purposes of, or in connection…
Section 103J — Supplementary provisions
Supplementary provisions 103J In sections 103H and 103I— a “feeder fund” has the meaning given by paragraph 3(2) of Schedule 5AZA to this Act; b “scheme of reconstruction” has the meaning given by…
Section 103K — Restriction on application of sections 103G, 103H and 103I : anti-avoidance
Restriction on application of sections 103G, 103H and 103I : anti-avoidance 103K 1 This section applies in respect of arrangements relating to an exchange or scheme of reconstruction as regards which…
Section 104 — Share pooling: general interpretative provisions.
Share pooling: general interpretative provisions. 104 1 Any number of securities of the same class acquired by the same person in the same capacity shall for the purposes of this Act (subject to…
Section 105 — Disposal on or before day of acquisition of shares and other unidentified assets.
Disposal on or before day of acquisition of shares and other unidentified assets. 105 1 Paragraphs (a) and (b) below shall apply where securities of the same class are acquired or disposed of by the…
Section 105A — Shares acquired on same day: election for alternative treatment
Shares acquired on same day: election for alternative treatment 105A 1 Subsection (2) below applies where an individual— a acquires shares (“ the relevant shares ”) of the same class, on the same day…