{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-100",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-100.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": "section/100",
  "kind": "section",
  "number": "100",
  "heading": "Exemption for authorised unit trusts etc.",
  "text": "(1) Gains accruing to an authorised unit trust, an investment trust a venture capital trust or a court investment fund shall not be chargeable gains.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) In this Act “court investment fund” means a fund established under section 42 of the Administration of Justice Act 1982.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 100(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by Finance Act 1995 (c. 4), s. 72(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 100(2)-(2B) omitted (6.4.2014) by virtue of The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 34 (with reg. 32)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1982 c. 53."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 100 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 14B (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by S.I. 2008/3159, regs. 1(1), 11)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 100 excluded (9.12.2021) by S.I. 2006/964, reg. 14DA(2)(e) (as inserted by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 3(2))"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "S. 100(1) modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199), regs. 1(1), 5"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/section/100",
    "retrieved_at": "2026-10-29T09:36:15.270072+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."
}