Taxation of Chargeable Gains Act 1992 section 266

Inter-American Development Bank

Section 266 establishes that securities issued by the Inter-American Development Bank are treated as situated outside the United Kingdom for capital gains tax purposes.

• Any security issued by the Inter-American Development Bank is deemed to be located outside the UK.
• This deemed location applies for all purposes of the Taxation of Chargeable Gains Act 1992.
• The effect is that UK capital gains tax rules applying to foreign-situated assets will govern these securities.
• This treatment applies regardless of where the securities are physically held or administered.