# Taxation of Chargeable Gains Act 1992, Paragraph 5: Other effects of claim


For other effects of making a foreign gain claim, see—
(a) section 1K(6)(b) (annual exempt amount), which provides that where a foreign gain claim has effect in relation to an individual for a tax year, the individual has no entitlement to an annual exempt amount for that year,
(b) section 16(4) (computation of losses), which provides that where a foreign gain claim has effect in relation to an individual for a tax year, qualifying foreign losses accruing to the individual in that year are not allowable losses, and
(c) sections 845C to 845E of ITTOIA 2005, which set out some income tax consequences of making a foreign gain claim.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/D1/paragraph/5 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-D1/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.