Taxation of Chargeable Gains Act 1992 section 79

Provisions supplemental to sections 77 and 78

Section 79 provided supplementary rules supporting the charges on settlors under sections 77 and 78, but was removed from the legislation for the 2008-09 tax year onwards.

• Section 79 contained supplementary provisions that supported the operation of sections 77 and 78, which charged trust gains on settlors.
• The section was omitted by Finance Act 2008, section 8 and Schedule 2, paragraph 5.
• The removal took effect from the 2008-09 tax year and applies to all later tax years.
• The repeal formed part of the wider capital gains tax reform introduced by Finance Act 2008.