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Taxation of Chargeable Gains Act 1992 Schedule 2 paragraph 16
Apportionment by reference to straight-line growth of gain or loss over period of ownership
Schedule 2 paragraph 16 provides the rules for time-apportioning gains or losses on assets owned before 6 April 1965, so that only the portion of the gain attributable to the period from that date onwards is treated as a chargeable gain.
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