Paragraph 10

(1)

A person is not required to make or deliver a return under this Schedule in respect of a disposal if—

(a)

the disposal has an appropriate connection to a collective investment F1vehicle for the purposes of paragraph 6 of Schedule 5AAA to TCGA 1992, and

(b)

the person would not be liable under paragraph 6 of this Schedule to pay an amount on account of the person's liability to capital gains tax for the tax year concerned.

(2)

In determining whether sub-paragraph (1)(b) applies, it is to be assumed that the person is required to make a return under this Schedule in respect of the disposal.

F2(3)

If, by virtue of sub-paragraph (1), a person is not required to make or deliver a return under this Schedule in respect of a disposal, the person is not required to make a claim to obtain relief under section 6(2)(a) or (3)(a) of TIOPA 2010 in respect of the disposal (despite subsection (6) of that section).

Annotations

Textual amendments

F1: Word in Sch. 2 para. 10 substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(b)(i)(5)
F2: Sch. 2 para. 10(3) inserted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(b)(ii)(5)

Notes on Collective investment vehicles to which Sch.5AAA to TCGA 1992 applies

Textual amendments

F1: Word in Sch. 2 para. 10 cross-heading substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(a)(5)