Taxation of Chargeable Gains Act 1992 section 285

Recognised investment exchanges

Section 285 previously dealt with the treatment of recognised investment exchanges for chargeable gains purposes, but has been removed from the legislation entirely.

• Section 285 originally addressed the capital gains tax treatment of recognised investment exchanges.
• The section was omitted from the Taxation of Chargeable Gains Act 1992 by the Finance Act 2007.
• The repeal took effect from 19 July 2007.
• As a repealed provision, section 285 no longer has any legal effect and cannot apply to any current transactions.