Section 28 | Chargeable gains.

(1)The amount of the gains accruing on the disposal of assets shall be computed in accordance with this Chapter, and subject to the other provisions of this Act and sections 86 and 87 of the Finance Act 1982.^F1

(2)Every gain shall, except as otherwise expressly provided, be a chargeable gain.

(3)Schedule 5 to this Act (which restricts the amount of chargeable gains accruing on the disposal of assets owned on 6th April 1965) shall have effect.