275 Location of assets
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

275  Location of assets

[(1)]     For the purposes of this Act—

(a)     the situation of rights or interests (otherwise than by way of security) in or over immovable property is that of the immovable property,

(b)     subject to the following provisions of this subsection, the situation of rights or interests (otherwise than by way of security) in or over tangible movable property is that of the tangible movable property,

(c)     subject to the following provisions of this subsection, a debt secured or unsecured, is situated in the United Kingdom if and only if the creditor is resident in the United Kingdom,

(d)     shares or [debentures] issued by any municipal or governmental authority, or by any body created by such an authority, are situated in the country of that authority,

[(da)     subject to paragraph (d) above, shares in or debentures of a company incorporated in any part of

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