Taxation of Chargeable Gains Act 1992 Schedule 1A paragraph 2

Reading Schedule 1A together with related provisions

Paragraph 2 of Schedule 1A explains that the rules in this Schedule must be read alongside two specific provisions in Schedule 5AAA, which extend the application of Schedule 1A to certain collective investment arrangements.

• Schedule 1A does not operate in isolation — it must be read together with certain provisions in Schedule 5AAA.
• Paragraph 5 of Schedule 5AAA treats units held in a Co-ownership Authorised Contractual Scheme (CoACS) as if they were shares in a company for the purposes of Schedule 1A.
• Paragraph 6 of Schedule 5AAA treats certain disposals of interests in collective investment vehicles as automatically satisfying the conditions set out in Part 3 of Schedule 1A.
• These cross-references ensure that collective investment vehicles and co-ownership schemes are brought within the scope of Schedule 1A where appropriate.