# The Taxation of Chargeable Gains Act 1992 (Amendment) Regulations 2022

S.I. 2022/230 · made 7 March 2022

These Regulations make minor amendments to section 87A(2) of, and paragraph 1A of Schedule 4C to, the Taxation of Chargeable Gains Act 1992 (c. 12) (TCGA 1992). Both provisions were amended by Schedule 1 to the Finance Act 2019 (c. 1) (FA 2019) which extends the cases in which non-residents are charged to tax on gains accruing to them and contains consequential amendments of TCGA 1992.

Made under: Finance Act 2019 (Schedule 1 paragraph 124, Schedule 1 paragraph 126)

PDFs: Printed copy https://openlegislation.uk/taxation-of-chargeable-gains-act-1992-amendment-regulations-2022/pdf/uksi_20220230_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/taxation-of-chargeable-gains-act-1992-amendment-regulations-2022/pdf/uksiem_20220230_en.pdf

## Introductory text

Capital Gains Tax
Made 7th March 2022
Laid before the House of Commons 8th March 2022
Coming into force 5th April 2022
The Treasury make the following Regulations in exercise of the powers conferred by paragraphs 124 and 126(2)(b) of Schedule 1 to the Finance Act 2019.

## 1 Citation and commencement

These Regulations may be cited as the Taxation of Chargeable Gains Act 1992 (Amendment) Regulations 2022 and come into force on 5th April 2022.

## 2 Amendment of the Taxation of Chargeable Gains Act 1992

The Taxation of Chargeable Gains Act 1992 is amended as follows.

## 3 Amendment of the Taxation of Chargeable Gains Act 1992

In section 87A(2) (section 87: matching), in the words before Step 1, for “with section 2(2) amounts” substitute “with section 1(3) amounts”.

## 4 Amendment of the Taxation of Chargeable Gains Act 1992

In Schedule 4C (transfers of value: attribution of gains to beneficiaries), in the italic heading before paragraph 1A, for “section 2(2) amounts” substitute “section 1(3) amounts”.

## Signature

Michael Tomlinson
Rebecca Harris
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2022

## Explanatory note

(This note is not part of the Regulations)
These Regulations make minor amendments to section 87A(2) of, and paragraph 1A of Schedule 4C to, the Taxation of Chargeable Gains Act 1992 (c. 12) (TCGA 1992). Both provisions were amended by Schedule 1 to the Finance Act 2019 (c. 1) (FA 2019) which extends the cases in which non-residents are charged to tax on gains accruing to them and contains consequential amendments of TCGA 1992.
Regulation 1 sets out when these Regulations come into force.
Regulation 2 introduces the amendments to TCGA 1992.
Regulations 3 and 4 contain the minor amendments, both of which substitute references to section 1(3) of TCGA 1992 consequential to the amendments to that Act made by Part 1 of Schedule 1 to FA 2019.
A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.

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Source: https://www.legislation.gov.uk/uksi/2022/230 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992-amendment-regulations-2022
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.