Taxation of Chargeable Gains Act 1992 Schedule 5C paragraph 6

Interpretation

Schedule 5C paragraph 6 provides the definitions and interpretation rules that apply to the terms used throughout Schedule 5C, which deals with the taxation of chargeable gains in the context of employee share ownership trusts and related arrangements.

• This paragraph sets out the meaning of key terms used elsewhere in Schedule 5C, ensuring consistent interpretation across the schedule's provisions.
• The definitions clarify the scope of the schedule by specifying what constitutes the relevant entities, transactions and persons involved.
• The paragraph was amended by the Finance Act 2004 to align terminology and references with updated pensions and tax legislation.
• By centralising definitions in one place, the paragraph avoids ambiguity and ensures that all other paragraphs in Schedule 5C are read with the same understood meanings.