{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-12/paragraph-75",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-12/paragraph-75.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/12/paragraph/75",
  "kind": "paragraph",
  "number": "75",
  "heading": "Onward gifts: settlements (chargeable gains)",
  "text": "Despite the repeal of sections 87K and 87L of TCGA 1992 (old onward gifting rules) by paragraph 62 of this Schedule, each of those sections continues to have effect so far as—\n(a) before its repeal, it provided for section 87 and 87A of that Act to have effect as if a capital payment of a particular amount had been received at a particular time by a particular person, and\n(b) the receipt of the capital payment by that person is relevant to the application of sections 87 and 87A in the tax year 2025-26 or a later tax year.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/12/paragraph/75",
    "retrieved_at": "2026-10-29T08:47:01.939707+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."
}