{
  "url": "https://openlegislation.uk/capital-gains-tax-amendment-regulations-2013/note",
  "json_url": "https://openlegislation.uk/capital-gains-tax-amendment-regulations-2013/note.json",
  "legislation": "uksi/2013/557",
  "legislation_title": "The Capital Gains Tax (Amendment) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-amendment-regulations-2013",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend regulation 15 of the Capital Gains Tax Regulations 1967 (S.I. 1967/149). Regulation 15 sets out the interpretation of certain expressions in the Capital Gains Tax Regulations 1967 (“the Principal Regulations”). Regulation 15(b) provides that a person shall not be treated as a person whose liability to capital gains is affected by the market value of an asset unless their liability has accrued under section 41 or 42 of the Finance Act 1965 and they are at that date or during any relevant year of assessment resident, ordinarily resident or carrying on a trade in the United Kingdom.\nRegulation 2 of these regulations substitutes a new regulation 15(b) in the Principal Regulations to remove the requirement that a person must be resident, ordinarily resident or carry on a trade in the United Kingdom in order to be joined as a third party to an appeal or make an application to be joined. The references to sections 41 and 42 of the Finance Act 1965 have been deleted and replaced by references to sections 13 and 87 of the Taxation of Chargeable Gains Act 1992 (c. 12).\nRegulation 15(b) includes a reference to section 86 of the Taxation of Chargeable Gains Act 1992 extending the right to be joined as a third party to an appeal or make an application to be joined to settlors of non-resident trusts.\nA Tax Information Impact Note has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1965 c. 25; sections 41 and 42 were repealed by section 158(1) of, and Schedule 8 to, the Capital Gains Tax Act 1979 (c. 14) and replaced by section 15 of that Act. The 1979 Act was subsequently repealed by sections 289 and 290 and Schedule 12 of the Taxation of Chargeable Gains Act 1992 (c. 12). Section 41 of the 1979 Act was replaced by section 13 of the 1992 Act and section 42 of the 1979 Act was replaced by section 87 of the 1992 Act."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/557/note",
    "retrieved_at": "2026-10-29T01:01:28.440498+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."
}