Taxation of Chargeable Gains Act 1992 section 211A

Gains of insurance company from venture capital investment partnership

Section 211A introduces Schedule 7AD, which provides rules for how chargeable gains arising to an insurance company from its participation in a venture capital investment partnership are to be treated.

• This section acts as an introduction to Schedule 7AD of the Taxation of Chargeable Gains Act 1992.
• It applies specifically to insurance companies that are partners in a venture capital investment partnership.
• The detailed rules governing the tax treatment of gains from such partnerships are contained in Schedule 7AD itself, rather than in this section.
• The section was introduced by Finance Act 2002, section 85(1).