# The Finance Act 2008, Section 39(7) (Commencement) Order 2011

S.I. 2011/23 · made 10 January 2011

This Order brings into force section 39(7) of the Finance Act 2008 (c. 9) which inserted a new section, section 26A, in the Taxation of Chargeable Gains Act 1992 (c. 12). Section 26A deals with dormant bank or building society accounts (under the Dormant Bank and Building Society Accounts Act 2008 (c. 31)) and provides that the transfer of the balance of a dormant account to an authorised reclaim fund (or such a fund and one or more charities) is not to be treated as the disposal or acquisition of an asset.

Made under: Finance Act 2008 (Section 39)

PDFs: Printed copy https://openlegislation.uk/finance-act-2008-section-397-commencement-order-2011/pdf/uksi_20110023_en.pdf

## Introductory text

Capital Gains Tax
Made 10th January 2011
The Treasury make the following Order in exercise of the powers conferred by section 39(8) of the Finance Act 2008:

## 1 Citation

This Order may be cited as the Finance Act 2008, Section 39(7) (Commencement) Order 2011.

## 2 Appointed Day

The day appointed for the coming into force of section 39(7) of the Finance Act 2008 is 1st February 2011.

## Signature

Michael Fabricant
James Duddridge
Two of the Lords Commissioners of Her Majesty’s Treasury
10th January 2011

## Explanatory note

(This note is not part of the Order)
This Order brings into force section 39(7) of the Finance Act 2008 (c. 9) which inserted a new section, section 26A, in the Taxation of Chargeable Gains Act 1992 (c. 12). Section 26A deals with dormant bank or building society accounts (under the Dormant Bank and Building Society Accounts Act 2008 (c. 31)) and provides that the transfer of the balance of a dormant account to an authorised reclaim fund (or such a fund and one or more charities) is not to be treated as the disposal or acquisition of an asset.

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Source: https://www.legislation.gov.uk/uksi/2011/23 (the official version)
Page: https://openlegislation.uk/finance-act-2008-section-397-commencement-order-2011
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.