{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-19",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-19.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/7ZA/paragraph/19",
  "kind": "paragraph",
  "number": "19",
  "heading": null,
  "text": "The percentage which is P's indirect share of the partnership through a particular direct interest company (“company DIC”) and a particular relevant corporate partner in the partnership (“company CP”) at a particular time is given by—\nR × V × W × 100where—\nR is the fraction of company DIC's ordinary share capital that is owned by P at that time,\nV is the lower of—\n(a)the fraction of the profits of the partnership in which company CP has an interest at that time, and\n(b)the fraction of the assets of the partnership in which company CP has an interest at that time, and\nW is the fraction of company CP's ordinary share capital that is owned by company DIC at that time (whether it is owned directly, indirectly, or partly directly and partly indirectly) (see paragraph 20).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 7ZA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by Finance Act 2016 (c. 24), Sch. 13 para. 5"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/19",
    "retrieved_at": "2026-11-14T03:34:05.925206+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."
}