# Taxation of Chargeable Gains Act 1992, Paragraph 1


(1) This paragraph applies in the case of an individual to whom the remittance basis applied for a tax year if—
(a) in that year the individual disposes of foreign assets,
(b) chargeable gains accrue to the individual on the disposal of those assets, and
(c) the gains are not taken outside the charge to capital gains tax as a result of section 1G (cases where tax year is a split year).
(2) The gains are treated as accruing to the individual only so far as, and at the time when, they are remitted to the United Kingdom.
(3) The amount treated as accruing is equal to the full amount remitted to the United Kingdom at that time.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.