Taxation of Chargeable Gains Act 1992 section 275B

Section 275A: supplementary provisions

Section 275B provides supplementary definitions and rules that support section 275A, which determines the location of certain intangible assets for capital gains tax purposes.

• An asset's location is treated as "not otherwise determined" if the Act contains no other provision for establishing where the asset is situated or whether it is in the UK
• An intangible asset is subject to UK law if any right or interest forming part of it is governed by, subject to, or enforceable under the law of any part of the United Kingdom
• The underlying subject matter of a future is the property that would be delivered at the agreed date and price, and the underlying subject matter of an option is the property that would be delivered if the option were exercised
• Section 275A is subject to section 275C, which deals with the location of assets held by co-owners