# Finance Act 2025, Paragraph 12: Capital gains tax: main exemption

Extent: E+W+S+N.I.

(1) No gain is treated as accruing under paragraph 1(2) of Schedule 1 to TCGA 1992 on the remittance of an amount of designated qualifying overseas capital that is designated on the basis that it is qualifying overseas capital as a result of a remittance provision (other than paragraph 6(1)(b)).
(2) This paragraph has effect for the tax year 2025-26 and subsequent tax years.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/10/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-10/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.