{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-D1/paragraph-6",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-D1/paragraph-6.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/D1/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": "Interpretation of Schedule",
  "text": "In this Schedule—\n“qualifying foreign asset” means an asset that—\n(a)is situated outside the United Kingdom, and\n(b)does not derive at least 75% of its value from UK land (see Schedule 1A);\n“qualifying foreign gain” means—\n(a)a chargeable gain accruing on the disposal of a qualifying foreign asset,\n(b)a chargeable gain treated as accruing as a result of section 3 (gains of non-UK resident close companies attributed to UK residents) where the gain accruing to the non-UK resident close company to which the deemed gain relates accrued on the disposal of a qualifying foreign asset, or\n(c)a qualifying QAHC gain,\nbut a chargeable gain falling within paragraph (a) or (b) is not a qualifying foreign gain if it is a gain to which paragraph 1(2) of Schedule 1 applies (pre-2025-26 gains subject to the remittance basis);\n“qualifying foreign loss” means a loss accruing on the disposal of an asset that is a qualifying foreign asset;\n“qualifying QAHC gain” means the foreign proportion (see paragraph 46(4) to (6) of Schedule 2 to FA 2022) of a chargeable gain accruing to an individual who provided investment management services in connection with investment arrangements to which a QAHC is party on the disposal of shares in the QAHC that were acquired during the course of the provision of those services;\n“QAHC” and “investment management services” have the meanings they have in that Schedule.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. D1 inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), s. 39(2)(11)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. D1 para. 6 inserted (18.3.2026) by Finance Act 2026 (c. 11), Sch. 3 para. 2(2)(a)(i) (with Sch. 3 para. 2(4))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. D1 para. 6 substituted (18.3.2026) by Finance Act 2026 (c. 11), Sch. 3 para. 2(2)(a)(ii) (with Sch. 3 para. 2(4))"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. D1 para. 6 inserted (18.3.2026) by Finance Act 2026 (c. 11), Sch. 3 para. 2(2)(b) (with Sch. 3 para. 2(4))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/D1/paragraph/6",
    "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."
}