# Taxation of Chargeable Gains Act 1992, Section 205: Disallowance of insurance premiums as expenses.


Without prejudice to the provisions of section 39, there shall be excluded from the sums allowable as a deduction in the computation of the gain accruing on the disposal of an asset any premiums or other payments made under a policy of insurance of the risk of any kind of damage or injury to, or loss or depreciation of, the asset.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/205 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-205
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.