Taxation of Chargeable Gains Act 1992 section 78

Right of recovery

Section 78 previously dealt with rights of recovery in relation to capital gains tax but was removed from the legislation for the 2008-09 tax year onwards.

• Section 78 concerned the right of recovery in the context of chargeable gains
• The section was omitted by Finance Act 2008, section 8 and Schedule 2, paragraph 5
• The omission takes effect for the 2008-09 tax year and all subsequent tax years
• The section has no application to any tax year from 2008-09 onwards and is therefore no longer operative