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Legislation
Taxation of Chargeable Gains Act 1992

Part VIII Supplemental

  • Section 272 Valuation: general.
  • Section 273 Unquoted shares and securities.
  • Section 274 Value determined for inheritance tax.
  • Section 275 Location of assets.
  • Section 275A Location of certain intangible assets
  • Section 275B Section 275A: supplementary provisions
  • Section 275C Location of assets: interests of co-owners
  • Section 276 The territorial sea and the continental shelf.
  • Section 276A No gain/no loss: foreign permanent establishment exemption
  • Section 277 Double taxation relief.
  • Section 278 Allowance for foreign tax.
  • Section 279 Foreign assets: delayed remittances.
  • Section 279A Deferred unascertainable consideration: election for treatment of loss
  • Section 279B Provisions supplementary to section 279A
  • Section 279C Effect of election under section 279A
  • Section 279D Elections under section 279A
  • Section 280 Consideration payable by instalments.
  • Section 281 Payment by instalments of tax on gifts.
  • Section 282 Recovery of tax from donee.
  • Section 283 Repayment supplements.
  • Section 284 Income tax decisions.
  • Section 284A Concessions that defer a charge.
  • Section 284B Provisions supplementary to section 284A.
  • Section 285 Recognised investment exchanges.
  • Section 285A UK Economic Interest Groupings European Economic Interest Groupings
  • Section 286 Connected persons: interpretation.
  • Section 286A Residence of companies
  • Section 287 Orders and regulations made by the Treasury or the Board.
  • Section 288 Interpretation.
  • Section 289 Commencement.
  • Section 290 Savings, transitionals, consequential amendments and repeals.
  • Section 291 Short title.
  1. Part VIII · Supplemental
  2. Orders and regulations made by the Treasury or the Board.

Section 287 | Orders and regulations made by the Treasury or the Board.

From legislation.gov.uk

(1)Subject to subsections (2) and (2A) below, any power of the Treasury or the Board to make any order or regulations under this Act or any other enactment relating to the taxation of chargeable gains passed after this Act shall be exercisable by statutory instrument.F1

(2)Subsection (1) above shall not apply in relation to any power conferred by section 288(6).

(2A)Subsection (1) above shall not apply in relation to any power conferred by TIOPA 2010 (see instead section 499 of that Act).F2F3

(3)Subject to subsection (4) below and to any other provision to the contrary, any statutory instrument to which subsection (1) above applies shall be subject to annulment in pursuance of a resolution of the House of Commons.

(4)Subsection (3) above shall not apply in relation to an order or regulations made under section ... 265 or paragraph 1 of Schedule 9, or—F4

(a)if any other Parliamentary procedure is expressly provided; or

(b)if the order or regulations provide for any provision of an enactment relating to the taxation of chargeable gains to come into force or have effect in accordance with the order or regulations.F5

Notes

  1. F1

    Words in s. 287(1) substituted (18.3.2010) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(2)(c), Sch. 8 para. 318(2) (with Sch. 9 paras. 1-9, 22)

  2. F2

    S. 287(2A) inserted (18.3.2010) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(2)(c), Sch. 8 para. 318(3) (with Sch. 9 paras. 1-9, 22)

  3. F3

    Word in s. 287(2A) substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 10(4)(a)

  4. F4

    Words in s. 287(4) omitted (for the tax year 2023-24 and subsequent tax years) by virtue of Finance Act 2023 (c. 1), s. 8(8)(a)(9)

  5. F5

    S. 287(4)(b) substituted (with effect in accordance with s. 125(4) of the amending Act) by Finance Act 2015 (c. 11), s. 125(1)

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