CG17030 - Rebasing: deferred charges: gains pre-31/3/82: postponed charges

TCGA92/SCH4/PARA4

TCGA92/SCH4 applies if the following conditions are satisfied.

• the charging of a gain has been postponed under any of the provisions listed in CG17033
• the gain accrues on the occurrence of an event on or after 6 April 1988
• the gain is attributable, directly or indirectly, in whole or in part, to the disposal before 6 April 1988 of an asset acquired before 31 March 1982.

Then, subject to a claim being made, see CG17061, the amount of the gain accruing is to be halved. If the gain is directly attributable to the disposal of an asset on or before 31 March 1982 refer to CG17060.

The words `directly or indirectly' and `in whole or in part' serve the same purpose as in CG16984.