Definition of TCGA 1992


TCGA 1992 means the Taxation of Chargeable Gains Act 1992;
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Examples of TCGA 1992 in a sentence

The book value shown in, or adopted for the purposes of, the Company Financial Statements as the aggregate value of the assets of the Company, on the disposal of which a chargeable gain or allowable loss could arise, does not exceed the amount which on a disposal of the assets at the date of this Agreement would be deductible, in each case, disregarding any statutory right to claim any allowance or relief other than amounts deductible under Section 38 of TCGA 1992.
The book value shown or adopted for the purposes of the Accounts as the value of each of the assets of the Company on the disposal of which a chargeable gain or allowable loss could arise does not exceed the amount which on a disposal of such asset at the date of this Agreement would be deductible under section 38 of TCGA 1992.
FA: Finance Act GROUP RELIEF: any amount eligible for relief under Section 402-413 of ICTA 1988, advance corporation tax which is capable of being surrendered under Section 240 of ICTA 1988, any tax refund which is capable of being surrendered under Section 102 of the Finance Act 1989, any relievable tax which is capable of being surrendered pursuant to regulations made under Section 806H of ICTA 1988 or utilisation of any losses pursuant to an election under Section 171A of the TCGA 1992.
The Company is not entitled to any capital loss to which the provisions of section 18 TCGA 1992 are applicable.
The Company has not been party to any transaction involving any asset to which any of sections 135, 136 139, 152-154 or 171-173 TCGA 1992 applied.