Taxation of Chargeable Gains Act 1992
Sections and provisions with full text and the judgments that cite each one.
Section 164B — Roll-over relief on re-investment by trustees.
Roll-over relief on re-investment by trustees. 164B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164C — Restriction applying to retirement relief and roll-over relief on re-investment.
Restriction applying to retirement relief and roll-over relief on re-investment. 164C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164D — Relief carried forward into replacement shares.
Relief carried forward into replacement shares. 164D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164E — Application of Chapter in cases of an exchange of shares.
Application of Chapter in cases of an exchange of shares. 164E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164F — Failure of conditions of relief.
Failure of conditions of relief. 164F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164FF — Qualifying investment acquired from husband or wife.
Qualifying investment acquired from husband or wife. 164FF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164FG — Multiple claims.
Multiple claims. 164FG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164G — Meaning of “qualifying company".
Meaning of “qualifying company". 164G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164H — Property companies etc. not to be qualifying companies.
Property companies etc. not to be qualifying companies. 164H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164I — Qualifying trades.
Qualifying trades. 164I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164J — Provisions supplementary to section 164I.
Provisions supplementary to section 164I. 164J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164K — Foreign residents.
Foreign residents. 164K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164L — Anti-avoidance provisions.
Anti-avoidance provisions. 164L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164M — Exclusion of double relief.
Exclusion of double relief. 164M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 164N — Interpretation of Chapter IA.
Interpretation of Chapter IA. 164N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 165 — Relief for gifts of business assets.
Relief for gifts of business assets. 165 1 If— a an individual (“ the transferor ”) makes a disposal otherwise than under a bargain at arm’s length of an asset within subsection (2) below, and b a…
Section 165A — Meaning of “holding company”, “trading company” and “trading group”
Meaning of “holding company”, “trading company” and “trading group” 165A 1 This section has effect for the interpretation of section 165 (and this section). 2 “ Holding company ” means a company that…
Section 166 — Gifts to non-residents.
Gifts to non-residents. 166 1 Subject to section 167A, section 165(4) shall not apply where the transferee is not resident in the United Kingdom. 2 Section 165(4) shall not apply where the transferee…
Section 167 — Gifts to foreign-controlled companies.
Gifts to foreign-controlled companies. 167 1 Subject to section 167A, section 165(4) shall not apply where the transferee is a company which is within subsection (2) below. 2 A company is within this…
Section 167A — Gifts of direct or indirect interests in UK land to non-residents
Gifts of direct or indirect interests in UK land to non-residents 167A 1 This section applies where the disposal in relation to which a claim could be made under section 165 is a disposal of an asset…
Section 168 — Emigration of donee.
Emigration of donee. 168 1 If— a relief is given under section 165 in respect of a disposal to an individual or under section 260 in respect of a disposal to an individual (“ the relevant disposal…
Section 168A — Postponing held-over gain: interests in UK land
Postponing held-over gain: interests in UK land 168A 1 This section applies if— a an interest in UK land is deemed to have been disposed of under section 168(1) by a transferee at any time, and b the…
Section 169 — Gifts into dual resident trusts.
Gifts into dual resident trusts. 169 1 This section applies where there is or has been a disposal of an asset to the trustees of a settlement in such circumstances that, on a claim for relief,…
Section 169A — Cessation of trade by limited liability partnership
Cessation of trade by limited liability partnership 169A 1 This section applies where section 59A(1) ceases to apply to a limited liability partnership. 2 A member of the partnership who immediately…
Section 169LA — Relevant business assets: goodwill transferred to a close company
Relevant business assets: goodwill transferred to a close company 169LA 1 Subject to subsection (1A), subsection (4) applies if— a as part of a qualifying business disposal, a person (“P”) disposes…
Section 169SA — Meaning of “trading company” and “trading group”
Meaning of “trading company” and “trading group” 169SA Schedule 7ZA gives the meaning in this Chapter of “trading company” and “trading group”.
Section 169VA — Overview of Chapter
Overview of Chapter 169VA 1 This Chapter provides for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of (and disposals of interests in) certain ordinary shares in…
Section 169B — Gifts to settlor-interested settlements etc
Gifts to settlor-interested settlements etc 169B 1 Neither section 165(4) nor section 260(3) shall apply in relation to a disposal (“the relevant disposal”)— a made by a person (“ the transferor ”)…
Section 169SB — Overview of Chapter
Overview of Chapter 169SB This Chapter makes provision about an individual claiming business asset disposal relief in certain cases where relief would otherwise become unavailable because of a…
Section 169VB — Qualifying shares, potentially qualifying shares and excluded shares
Qualifying shares, potentially qualifying shares and excluded shares 169VB 1 Where there is a disposal of all or part of (or of an interest in) a holding of shares in a company, this section applies…
Section 169C — Clawback of relief if settlement becomes settlor-interested etc
Clawback of relief if settlement becomes settlor-interested etc 169C 1 This section applies in relation to a disposal (“the relevant disposal”)— a made by a person (“ the transferor ”) to the…
Section 169SC — Election by individual where company ceases to be personal company
Election by individual where company ceases to be personal company 169SC 1 If the following conditions are met, an individual may elect for this section to have effect. 2 The first condition is that,…
Section 169VC — Investors' relief
Investors' relief 169VC 1 This section applies where— a a qualifying person disposes of a holding, or part of a holding, of shares in a company, and b immediately before that disposal some or all of…
Section 169D — Exceptions to sections 169B and 169C
Exceptions to sections 169B and 169C 169D 1 Sections 169B and 169C shall not apply in relation to a disposal to the trustees of a settlement in a year of assessment if the trustees have elected , or…
Section 169SD — Supplementary election to defer gains until subsequent disposal
Supplementary election to defer gains until subsequent disposal 169SD 1 An individual who makes an election under section 169SC may also elect that, for the purposes of this Act— a no chargeable gain…
Section 169VD — Disposal where holding consists partly of qualifying shares
Disposal where holding consists partly of qualifying shares 169VD 1 This section applies where— a a disposal (“the disposal concerned”) is made as mentioned in section 169VC(1), and b at the time…
Section 169E — Meaning of “settlor” in sections 169B to 169D and 169G
Meaning of “settlor” in sections 169B to 169D and 169G 169E 1 For the purposes of this section and , sections 169B to 169D ... , a person is a settlor in relation to a settlement if— a he is an…
Section 169SE — Application of section 169SD where section 116 applies
Application of section 169SD where section 116 applies 169SE 1 This section has effect in any case where a transaction occurs to which section 116 (reorganisations, conversions and reconstructions)…
Section 169VE — Which shares are in holding immediately before disposal
Which shares are in holding immediately before disposal 169VE 1 This section applies where— a a particular disposal is made as mentioned in section 169VC(1)(a) (“the current disposal”), b there have…
Section 169F — Meaning of “interest in a settlement” in sections 169B to 169D
Meaning of “interest in a settlement” in sections 169B to 169D 169F 1 For the purposes of this section and sections 169B to 169D, an individual is to be regarded as having an interest in a settlement…
Section 169SF — Application of section 169SD where sections 127 to 130 apply
Application of section 169SD where sections 127 to 130 apply 169SF 1 This section has effect in any case where a transaction occurs to which sections 127 to 130 (treatment of share capital following…
Section 169VF — Shares treated as disposed of in previous disposal where claim made
Shares treated as disposed of in previous disposal where claim made 169VF 1 The rules referred to in section 169VE(2) are as follows; and in this section “ the disposal concerned ” means the previous…
Section 169G — Meaning of “arrangement” in sections 169B to 169E and information power
Meaning of “arrangement” in sections 169B to 169E and information power 169G 1 In sections 169B to 169E “arrangement” or “ arrangements ” includes any scheme, agreement or understanding, whether or…
Section 169SG — Elections under sections 169SC and 169SD
Elections under sections 169SC and 169SD 169SG 1 An election under section 169SC or 169SD is irrevocable. 2 An election under section 169SC must be made on or before the first anniversary of the 31…
Section 169VG — Shares treated as disposed of in previous disposal: no claim made
Shares treated as disposed of in previous disposal: no claim made 169VG 1 The rules referred to in section 169VE(3) are as follows; and in this section “ the disposal concerned ” means the previous…
Section 169H — Introduction
Introduction 169H 1 This Chapter provides for a lower rate of capital gains tax in respect of qualifying business disposals ( to be known as “business asset disposal relief” ). 2 The following are…
Section 169SH — Claims for relief in respect of subsequent disposals
Claims for relief in respect of subsequent disposals 169SH 1 Where, as a result of an election under section 169SD, a chargeable gain is to be treated as accruing on a subsequent disposal, the…
Section 169VH — Disposals by trustees: further conditions for relief
Disposals by trustees: further conditions for relief 169VH 1 Where a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement, section 169VC does not apply to the…
Section 169I — Material disposal of business assets
Material disposal of business assets 169I 1 There is a material disposal of business assets where— a an individual makes a disposal of business assets (see subsection (2)), and b the disposal of…
Section 169VI — Disposals by trustees: relief reduced in certain cases
Disposals by trustees: relief reduced in certain cases 169VI 1 Subsection (2) applies where— a a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement, b section…