Taxation of Chargeable Gains Act 1992 section 187A

Deemed disposal under section 185: ATED-related gains and losses

Section 187A formerly dealt with how ATED-related chargeable gains and losses were calculated when a deemed disposal arose under section 185 (relating to the emigration of a company from the UK), but has now been removed from the legislation.

• Section 187A was omitted from the Taxation of Chargeable Gains Act 1992 by the Finance Act 2019.
• For capital gains tax purposes, the repeal takes effect from the 2019–20 tax year onwards.
• For corporation tax purposes, the repeal applies to accounting periods beginning on or after 6 April 2019.
• The removal reflects the broader reforms introduced by the Finance Act 2019 to the taxation of chargeable gains accruing to non-UK residents.