{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4B/paragraph-7",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4B/paragraph-7.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "schedule/4B/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) The following are “ordinary trust assets” for the purposes of this Schedule—\n(a) shares or securities;\n(b) tangible property, whether movable or immovable, or a lease of such property;\n(c) property not within paragraph (a) or (b) which is used for the purposes of a trade, profession or vocation carried on—\n(i) by the trustees, or\n(ii) by a beneficiary who has an interest in possession in the settled property;\n(d) any right in or over, or any interest in, property of a description within paragraph (b) or (c).\n(2) In sub-paragraph (1)(a) “securities” has the same meaning as in section 132.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 4B inserted (with effect in accordance with s. 92(5) of the amending Act) by Finance Act 2000 (c. 17), s. 92(2), Sch. 25"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/4B/paragraph/7",
    "retrieved_at": "2026-10-29T09:36:15.270072+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."
}