# Taxation of Chargeable Gains Act 1992, Paragraph 35


(1) Nothing in this Part of this Schedule is to exempt so much of any qualifying REIT gain as accrues on a disposal made by a company which is, or is a member of, a UK REIT.
(2) A chargeable gain is a “qualifying REIT gain” so far as—
(a) the gain is not a chargeable gain as a result of section 535 or 535A of CTA 2010, and
(b) the gain is not one falling to be exempted as a result of the application of either of those sections following a notice given under section 586(1) or 587(1) of that Act (venturing group).
(3) In this paragraph “UK REIT” has the same meaning as in Part 12 of CTA 2010.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AAA/paragraph/35 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-5AAA/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.