Dwellings subject to ATED: main statutory provisions
The main legislation for the capital gains tax charge on gains that are ATED-related is:
- TCGA92/2B to 2F - sets out who is chargeable and which disposals are chargeable, and also provides a marginal restriction for certain ATED-related losses and a marginal relief for certain ATED-related gains.
- TCGA92/S4 (3A) - sets the rate of capital gains tax for ATED-related chargeable gains at 28%.
- TCGA92/S57A and Sch4ZZA - provides special computational rules for determining the amount of ATED-related and non ATED-related gains and losses accruing on relevant disposals.
The paragraphs below explain the rules as follows:
|CG73611 to CG73612||Persons chargeable|
|CG73616 to CG73620||Disposals chargeable|
|CG73625 to CG73640||Computation of gains and losses|
|CG73645 to CG73665||How ATED-related gains/losses are charged/relieved|
|CG73670 to CG73670||Administration|