# Taxes Management Act 1970, Paragraph 10

Extent: E+W+S+N.I.

In this Schedule—
“deferrable exit charge” has the meaning given by paragraph 4(1)(a);
“deferred exit charge” has the meaning given by paragraph 4(2);
“double taxation arrangements” means arrangements made by two or more territories with a view to affording relief from double taxation;
“economically significant activity” has the meaning given by section 13A(4) of the 1992 Act (reading references to a company as references to trustees);
“exit charge” means—
(a)for the purposes of paragraph 2, any amount of capital gains tax which a person is liable to pay for a tax year which the person would not be liable to pay if gains arising by virtue of section 25 of the 1992 Act in the tax year were ignored;
(b)for the purposes of paragraph 3, any amount of capital gains tax which the relevant trustees are liable to pay for a tax year which they would not be liable to pay if gains arising by virtue of section 80 of the 1992 Act in the tax year were ignored;
“right to freedom of establishment” means a right protected by—
(a)Article 49 of the Treaty on the Functioning of the European Union, or
(b)Article 31 of the EEA agreement;
“taxpayer” has the meaning given by paragraph 4(2);
“trade” includes a profession or vocation.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZAA/paragraph/10 (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/schedule-3ZAA/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.