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Legislation
Finance Act 2003

Crossheading Chargeable gains

  • Section 157 Life insurance policies and deferred annuity contracts
  • Section 158 Application of market value rule in case of exercise of option
  • Section 159 Reporting limits and annual exempt amount
  • Section 160 Taper relief: assets qualifying as business assets
  • Section 161 Earn-out rights to be treated as securities unless contrary election
  • Section 162 Deferred unascertainable consideration: election for treatment of loss
  • Section 163 Transfers of value: attribution of gains to beneficiaries
  1. Chargeable gains
  2. Reporting limits and annual exempt amount

Section 159 | Reporting limits and annual exempt amount

From legislation.gov.uk

(1)The Taxation of Chargeable Gains Act 1992 (c. 12) is amended in accordance with Schedule 28 to this Act.

(2)In that Schedule—

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