Taxation of Chargeable Gains Act 1992 Schedule 7AB paragraph 1

Introductory

Schedule 7AB paragraph 1 introduces the schedule and sets out preliminary definitions and scope for the provisions that follow within the schedule.

• This paragraph serves as the introductory provision for Schedule 7AB of the Taxation of Chargeable Gains Act 1992.
• It establishes the foundational definitions and framework upon which the remaining paragraphs of the schedule operate.
• The provision was amended by Finance Act 2011, Schedule 10, paragraph 5(c), which updated its scope or terminology.
• As an introductory paragraph, it does not itself create substantive tax charges or reliefs but provides the interpretive context necessary for understanding the schedule as a whole.