Taxation of Chargeable Gains Act 1992 section 100A

Exemption for certain EEA UCITS

Section 100A provides an exemption from capital gains tax on ATED-related gains for certain types of EEA UCITS that dispose of high-value residential property.

• Certain EEA UCITS are exempt from CGT on ATED-related gains arising from disposals of high-value residential property.
• The exemption applies only to EEA UCITS that are neither open-ended investment companies nor unit trust schemes.
• The terms "EEA UCITS", "unit trust scheme", and "open-ended investment company" are defined by reference to Part 17 of the Financial Services and Markets Act 2000.
• The exemption has effect for disposals occurring on or after 6 April 2013.