Taxation of Chargeable Gains Act 1992 section 10AA

Section 10A: supplementary

Section 10AA provides supplementary rules that support the operation of section 10A, which deals with the temporary non-residence rules for chargeable gains.

• This section was introduced by Finance Act 2019, Schedule 1, paragraph 2, as part of a package of reforms to the taxation of non-residents on UK gains.
• It contains additional definitions, clarifications or mechanical provisions needed to make the temporary non-residence provisions in section 10A work correctly in practice.
• The section ensures that individuals who leave the UK for a short period cannot avoid capital gains tax by disposing of assets while temporarily non-resident and then returning.
• Practitioners should read this section alongside section 10A itself, as the two provisions operate together to capture gains that would otherwise escape the UK tax net during a period of temporary non-residence.

---