168 Emigration of donee
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

168  Emigration of donee

(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”); and

[(aa)     the transferee is resident in the United Kingdom at the time of that disposal; and]

(b)     at a time when he has not disposed of the asset in question, the transferee [ceases to be resident] in the United Kingdom,

then, subject to the following provisions of this section, a chargeable gain shall be deemed to have accrued to the transferee immediately before that time, and its amount shall be equal to the held-over gain (within the meaning of section 165 or 260) on the relevant disposal.

(2)     For the purposes of subsection (1) above the transferee shall be taken to have disposed of an asset before the time there referred to only if he has made a disposal or disposals in connection with which

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