Taxation of Chargeable Gains Act 1992 Schedule 7AA paragraph 1

Introductory

Schedule 7AA, paragraph 1 introduces the schedule and sets out its scope, establishing the framework for the provisions that follow within the schedule.

• This paragraph serves as the introductory provision for Schedule 7AA of the Taxation of Chargeable Gains Act 1992.
• It establishes the context and scope for the detailed rules contained in the remainder of the schedule.
• The schedule was amended by Finance Act 2006, section 70(4) and Schedule 26, Part 3(9), with transitional provisions in section 70(10)–(11).
• The introductory paragraph provides the foundation upon which the subsequent paragraphs of the schedule are to be interpreted and applied.