[809VK Retention of funds to meet CGT liabilities]
Income Tax Act 2007 (2007 c 3) | Legislation

[809VK  Retention of funds to meet CGT liabilities]

[(1)     This section applies if—

(a)     there is a disposal of all or part of the holding,

(b)     the disposal counts as a potentially chargeable event or is part of the appropriate mitigation steps taken in consequence of a potentially chargeable event,

(c)     a chargeable gain (but not a loss) accrues to P on the disposal,

(d)     P is chargeable to capital gains tax (but not corporation tax) in respect of that gain, and

(e)     the actual

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