Taxation of Chargeable Gains Act 1992 Schedule 5AAA paragraph 45

General

Section 45 sets out the general powers and flexibility available when making regulations under this Part of the Schedule, including the ability for such regulations to have retrospective effect.

• Regulations may be tailored differently for different purposes, allowing them to address a variety of circumstances.
• Regulations may include supplementary, incidental, consequential, transitional or saving provisions to support and manage the impact of the main rules.
• Retrospective effect is permitted, meaning regulations can apply to events that occurred before the regulations were actually made.
• These broad regulation-making powers provide the flexibility needed to address unforeseen issues, close loopholes and manage the transition to new rules.