[809YD Chargeable gains accruing on sales of exempt property]
Income Tax Act 2007 (2007 c 3) | Legislation

[809YD  Chargeable gains accruing on sales of exempt property]

[(1)     This section applies to an individual (“P”) if—

(a)     a chargeable gain (but not a loss) accrues to a person on a sale of exempt property,

(b)     but for section 809YA, section 809Y(1) would have applied to the property by virtue of the sale, and

(c)     P is either—

(i)     the person to whom the gain accrues, or

(ii)     a person to whom a part of the gain is treated as accruing under [section 3] of TCGA 1992 (members of non-resident companies).

(2)     The relevant UK gain is to be treated for the purposes of this Chapter as if—

(a)

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