{
  "url": "https://openlegislation.uk/finance-act-2013/section-120",
  "json_url": "https://openlegislation.uk/finance-act-2013/section-120.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "section/120",
  "kind": "section",
  "number": "120",
  "heading": "Acquisitions and disposals of chargeable interests",
  "text": "(1) References in this Part to the acquisition of a chargeable interest include any acquisition however effected (including an acquisition effected by the act of parties to a transaction, by order of a court or other authority, by or under any statutory provision or by operation of law).\n(2) The surrender or release of a chargeable interest is—\n(a) an acquisition of that interest by any person whose interest or right is benefited or enlarged by the transaction, and\n(b) a disposal by the person ceasing to be entitled to that interest.\n(3) The variation of a chargeable interest is—\n(a) an acquisition of a chargeable interest by the person benefiting from the variation, and\n(b) a disposal of a chargeable interest by the person whose interest is subject to or limited by the variation.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/section/120",
    "retrieved_at": "2026-10-29T09:08:06.076240+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."
}