40 Amount of limit
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Limit on credit against capital gains tax

40  Amount of limit

(1)     This section is about the amount of credit allowed under section 18(2) against a person's capital gains tax for any tax year.

(2)     The amount of credit in respect of any particular capital gain must not exceed the difference between—

(a)     the amount of capital gains tax to which the person would be liable for the

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