{
  "url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-27",
  "json_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-27.json",
  "legislation": "ukpga/1979/14",
  "legislation_title": "Capital Gains Tax Act 1979 (repealed 6.3.1992)",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992",
  "path": "section/27",
  "kind": "section",
  "number": "27",
  "heading": "Time of disposal and acquisition where asset disposed of under contract.",
  "text": "(1) Where an asset is disposed of and acquired under a contract the time at which the disposal and acquisition is made is the time the contract is made (and not, if different, the time at which the asset is conveyed or transferred).\nThis subsection has effect subject to section 20(2) above, and subsection (2) below.\n(2) If the contract is conditional (and in particular if it is conditional on the exercise of an option) the time at which the disposal and acquisition is made is the time when the condition is satisfied.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 27 applied by Finance Act 1990 (c. 29, SIF 58), s. 120(1)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 27 applied (G.B.) by Ports Act 1991 (c. 52, SIF 58), s. 20(5)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1979/14/section/27",
    "retrieved_at": "2026-10-29T10:18:25.768570+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}