Taxation of Chargeable Gains Act 1992 section 4A

Section 4: special cases

Section 4A modifies the standard rates of capital gains tax set out in section 4 for certain special categories of gains, providing for different tax rates to apply in specified circumstances.

• Section 4A was introduced by the Finance Act 2019 to deal with situations where the standard capital gains tax rates in section 4 do not apply.
• It provides for alternative rates of tax to be charged on chargeable gains in special cases, overriding the default rates that would otherwise apply under section 4.
• The special cases covered by this section represent exceptions to the normal capital gains tax rate structure, ensuring that particular types of gains or particular circumstances attract the appropriate rate of tax.
• Accountants should check whether a disposal falls within one of these special cases before applying the standard rates of capital gains tax under section 4.

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