[279B Provisions supplementary to section 279A]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[279B  Provisions supplementary to section 279A]

[(1)     For the purposes of section 279A(1)(c) a person is within the charge to capital gains tax in any year if—

(a)     he is chargeable to capital gains tax in respect of chargeable gains accruing to him in that year, or

[(b)     the person would be so chargeable if—

(i)     chargeable gains accrued to the person in the year, and

(ii)     the amount calculated under [section 1(3)] for the year in relation to the person exceeded the exempt amount for the year (within the meaning of [section 1K])].

(2)     Subsections (3) to (6) below have effect for the purposes of section 279A(2)(e) (right to unascertainable consideration).

(3)     A right is a right to unascertainable consideration if, and only if,—

(a)     it is a right to consideration the amount or value of which is unascertainable at

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