Taxation of Chargeable Gains Act 1992 Schedule A1 paragraph 21

General rule for apportionments under this Schedule

Paragraph 21 of Schedule A1 establishes the general rule for how apportionments should be carried out when required under the taper relief provisions of this Schedule.

• Where any apportionment is required under Schedule A1, it must be made on a just and reasonable basis unless a specific alternative method is prescribed elsewhere in the Schedule.
• This provides a default standard of fairness for dividing amounts, gains, or periods between different categories or time periods relevant to taper relief calculations.
• The just and reasonable basis applies broadly across the Schedule, ensuring consistency in how apportionments are approached.
• Where a particular paragraph of the Schedule specifies its own apportionment method, that specific method takes precedence over the general just and reasonable rule.