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Legislation
Capital Gains Tax Act 1979 (repealed 6.3.1992)

Crossheading Computation of gains

  • Section 30 Introductory.
  • Section 31 Consideration chargeable to tax on income.
  • Section 32 Expenditure: general.
  • Section 32A Expenditure: amounts to be included as consideration.
  • Section 33 Exclusion of expenditure by reference to tax on income.
  • Section 33A (1) Where there is a transfer of securities within the...
  • Section 34 Restriction of losses by reference to capital allowances and renewals allowances.
  • Section 35 Part disposals.
  • Section 36 Assets derived from other assets.
  • Section 37 Wasting assets.
  • Section 38 Wasting assets: straightline restriction of allowable expenditure.
  • Section 39 Wasting assets qualifying for capital allowances.
  • Section 40 Consideration due after time of disposal.
  • Section 41 Contingent liabilities.
  • Section 42 Expenditure reimbursed out of public money.
  • Section 43 Supplemental.
  1. Computation of gains
  2. Expenditure reimbursed out of public money.

Section 42 | Expenditure reimbursed out of public money.

From legislation.gov.uk

There shall be excluded from the computation under this Chapter any expenditure which has been or is to be met directly or indirectly by the Crown or by any Government, public or local authority whether in the United Kingdom or elsewhere.

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