The Capital Gains Tax (Amendment) Regulations 2013

• Citation: S.I. 2013/557
• Sections: 2

Section 1

These Regulations may be cited as the Capital Gains Tax (Amendment) Regulations 2013 and come into force on 6th April 2013.

Section 2 Amendment to the Capital Gains Tax Regulations 1967

(1) Regulation 15 of the Capital Gains Tax Regulations 1967 is amended as follows.

(2) For paragraph (b) substitute—

(b) A person shall not be treated as being at any date a person whose liability to capital gains tax may be affected by the market value of an asset or by the apportionment of any amount or value paid, payable or ascertained in connection with an asset unless on or before that date, but since 6th April 1965, there has been (or is deemed to have been) a disposal or acquisition of the asset by that person, or by personal representatives from whom they may acquire the asset as legatee, or by a company or trustees whose chargeable gains may to any extent be treated as accruing to that person under section 13 (attribution of gains to members of non-resident companies) , 86 (attribution of gains to settlors with interest in non-resident or dual resident settlements) or 87 (non-UK resident settlements: attribution of gains to beneficiaries) of the Taxation of Chargeable Gains Act 1992.