Taxation of Chargeable Gains Act 1992 section 75

Death of annuitant

Section 75 dealt with the capital gains tax treatment on the death of an annuitant, but has been repealed for deaths occurring after 5 April 1996.

  • Section 75 originally addressed the chargeable gains consequences arising on the death of a person receiving an annuity.
  • The section was repealed by Finance Act 1996, Schedule 41, Part VIII(4).
  • The repeal applies to all deaths occurring after 5 April 1996.
  • The section has no practical application for any current tax computations and is retained only for historical reference.

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