{
  "url": "https://openlegislation.uk/taxes-management-act-1970/section-8C",
  "json_url": "https://openlegislation.uk/taxes-management-act-1970/section-8C.json",
  "legislation": "ukpga/1970/9",
  "legislation_title": "Taxes Management Act 1970",
  "legislation_url": "https://openlegislation.uk/taxes-management-act-1970",
  "path": "section/8C",
  "kind": "section",
  "number": "8C",
  "heading": "Returns so far as relating to capital gains tax",
  "text": "(1) This section applies if—\n(a) the amount of chargeable gains accruing to a person in a tax year\n(i) does not exceed the annual exempt amount for the year applicable to the person under section 1K of the 1992 Act, or\n(ii) where the person is not entitled to the annual exempt amount for the tax year, is nil,\n(b) the total amount or value of the consideration for all chargeable disposals of assets made by the person in the year does not exceed £50,000,\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and\n(d) a notice under section 8 or 8A is given to the person requiring information for the purpose of establishing the amount in which the person is chargeable to capital gains tax for the year.\n(2) If the person makes a statement confirming the matters set out in subsection (1)(a) and (b), the statement constitutes sufficient compliance with that requirement.\n(3) For the purposes of this section every disposal is a “chargeable disposal” other than—\n(a) a disposal on which any gain accruing is not a chargeable gain, and\n(b) a disposal to which section 58 of the 1992 Act applies (spouses and civil partners).\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 8C inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 22"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 8C(1)(a) renumbered as s. 8C(1)(a)(i) (for the tax year 2025-26 and subsequent tax years) by Finance Act 2026 (c. 11), Sch. 3 para. 6(1)(a)(3)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 8C(1)(a)(ii) and word inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2026 (c. 11), Sch. 3 para. 6(1)(b)(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sum in s. 8C(1)(b) substituted (with effect for the tax year 2023-24 and subsequent tax years) by Finance Act 2023 (c. 1), s. 8(7)(9)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 8C(1)(c) omitted (for the tax year 2025-26 and subsequent tax years) by virtue of Finance Act 2026 (c. 11), Sch. 3 para. 6(1)(c)(3)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 8C(2) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2026 (c. 11), Sch. 3 para. 6(1)(d)(3)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "S. 8C(4) omitted (for the tax year 2025-26 and subsequent tax years) by virtue of Finance Act 2026 (c. 11), Sch. 3 para. 6(1)(e)(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1970/9/section/8C",
    "retrieved_at": "2026-10-29T10:51:31.747484+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."
}