Taxation of Chargeable Gains Act 1992 section 172

Transfer of United Kingdom branch or agency

Section 172 previously dealt with the transfer of a United Kingdom branch or agency, but has been repealed.

  • Section 172 originally addressed the capital gains tax treatment of transfers involving a UK branch or agency of a non-resident company
  • The section was repealed by the Finance Act 2000, effective from 1 April 2000
  • The repeal was enacted under Finance Act 2000, section 102 and Schedule 28 paragraph 3, and section 156 and Schedule 40 Part II(12)
  • Any transfers of UK branches or agencies occurring on or after 1 April 2000 are no longer governed by this provision, and other rules apply instead

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