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Legislation
Capital Gains Tax Act 1979 (repealed 6.3.1992)

Crossheading Other property

  • Section 132 Commodities and other assets without earmark.
  • Section 132A (1) Subject to subsections (2) and (3) below, in computing...
  • Section 133 Foreign currency for personal expenditure.
  • Section 134 Debts.
  • Section 135 Debts: foreign currency bank accounts.
  • Section 136 Relief in respect of loans to traders.
  • Section 136A Relief for qualifying corporate bonds.
  • Section 136B Section 136A: supplementary.
  • Section 137 Options and forfeited deposits.
  • Section 138 Options: application of rules as to wasting assets.
  • Section 139 Quoted options treated as part of new holdings.
  1. Other property
  2. Debts: foreign currency bank accounts.

Section 135 | Debts: foreign currency bank accounts.

From legislation.gov.uk

(1)Subject to subsection (2) below, section 134(1) above shall not apply to a debt owed by a bank which is not in sterling and which is represented by a sum standing to the credit of a person in an account in the bank.

(2)Subsection (1) above shall not apply to a sum in an individual’s bank account representing currency acquired by the holder for the personal expenditure outside the United Kingdom of himself or his family or dependants (including expenditure on the provision or maintenance of any residence outside the United Kingdom).

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