# Taxation of Chargeable Gains Act 1992, Section 3G: Supplementary provisions


(1) If tax payable by a person (“P”) as a result of section 3 is paid by—
(a) the company (“C”) to which the gain accrues, or
(b) a company by reference to which P is regarded as an indirect participator in C,
the amount paid is not a payment to P for tax purposes.
(2) The reference here to tax purposes is to the purposes of income tax, capital gains tax or corporation tax.
(3) For the purposes of section 3 the amount of a gain or loss accruing to a company is calculated as if the company were a company resident in the United Kingdom chargeable to corporation tax on the gain.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/3G (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-3G
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.