# Taxation of Chargeable Gains Act 1992, Paragraph 7


(1) The following are “ordinary trust assets” for the purposes of this Schedule—
(a) shares or securities;
(b) tangible property, whether movable or immovable, or a lease of such property;
(c) property not within paragraph (a) or (b) which is used for the purposes of a trade, profession or vocation carried on—
(i) by the trustees, or
(ii) by a beneficiary who has an interest in possession in the settled property;
(d) any right in or over, or any interest in, property of a description within paragraph (b) or (c).
(2) In sub-paragraph (1)(a) “securities” has the same meaning as in section 132.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4B/paragraph/7 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4B/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.