Taxation of Chargeable Gains Act 1992 section 263D

Gains accruing to persons paying manufactured dividends

Section 263D previously dealt with the capital gains tax treatment of gains accruing to persons who paid manufactured dividends, but this provision has been removed from the legislation.

• Section 263D addressed how chargeable gains were calculated for persons making payments of manufactured dividends.
• The section was repealed by the Finance Act 2013 under Schedule 29, paragraph 6.
• The removal took effect from 1 January 2014.
• As a result, this section no longer has any operative force and cannot apply to transactions on or after that date.