Taxation of Chargeable Gains Act 1992 Schedule 5AAA paragraph 23

Gains accruing on disposals under paragraph 21 or 22

Paragraph 23 sets out the rules for when and how gains arising from deemed disposals of assets held in UK property rich collective investment vehicles are treated as accruing to the investor, where those deemed disposals arise because the fund has made payments derived from UK land that are not otherwise taxable, or because the fund or company has ceased to meet the conditions for exemption.