S. 103C inserted (17.7.2012) by Finance Act 2012 (c. 14), s. 36(3)

http://www.legislation.gov.uk/ukpga/1992/12/section/103CTaxation of Chargeable Gains Act 1992An Act to consolidate certain enactments relating to the taxation of chargeable gains.1992-03-06texttext/xmlenStatute Law Database2026-04-20Expert Participation2026-04-06Taxation of Chargeable Gains Act 1992s. 35(3)(d)(xviii)Housing and Regeneration Act 2008Sch. 7 para. 9s. 325(1)art. 2(1)3(1)Taxation of Chargeable Gains Act 1992s. 35(3)(d)(xviii)Crossrail Act 2008Sch. 13 para. 46Taxation of Chargeable Gains Act 1992s. 35(3)(d)(xviii)The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008Sch. 1 para. 42Sch. 3Sch. 2art. 1(2)Taxation of Chargeable Gains Act 1992Sch. 5C para. 3(1)(f)Income Tax Act 2007Sch. 1 para. 347Sch. 2s. 1034(1)Taxation of Chargeable Gains Act 1992Sch. 5C para. 3The Tax and Civil Partnership Regulations 2005reg. 128reg. 1(1)Taxation of Chargeable Gains Act 1992Sch. 5C para. 5The Tax and Civil Partnership Regulations 2005reg. 128reg. 1(1)Taxation of Chargeable Gains Act 1992Sch. 5C para. 6The Tax and Civil Partnership Regulations 2005reg. 128reg. 1(1)Taxation of Chargeable Gains Act 1992ActThe Pension Protection Fund (Tax) Regulations 2006Pension Protection Fund (Tax) Regulations 2006reg. 37(2)reg. 1Taxation of Chargeable Gains Act 1992ActThe Pension Protection Fund (Tax) Regulations 2006Pension Protection Fund (Tax) Regulations 2006reg. 38(3)reg. 1Taxation of Chargeable Gains Act 1992s. 587BFinance Act 2000s. 43(1)Taxation of Chargeable Gains Act 1992s. 169S(4A)Finance Act 2015s. 43(2)s. 43(5)Taxation of Chargeable Gains Act 1992Sch. 5C para. 3(1)The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004reg. 7(1)reg. 1(1)Taxation of Chargeable Gains Act 1992Sch. 5C para. 3(6)The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004reg. 7(2)reg. 1(1)Taxation of Chargeable Gains Act 1992Sch. 5C para. 5(1)The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004reg. 7(3)reg. 1(1)Taxation of Chargeable Gains Act 1992ActFinance Act 2002Sch. 16 para. 48(1)(2)s. 57(3)Taxation of Chargeable Gains Act 1992s. 4(10)Finance Act 2016s. 83(11)Taxation of Chargeable Gains Act 1992s. 4(10)(11)Scotland Act 2016s. 15(4)s. 13(14)15(7)(a)72(3)Taxation of Chargeable Gains Act 1992ActFinance Act 1997Sch. 12 para. 12(7)1314Sch. 12 para. 17Taxation of Chargeable Gains Act 1992s. 104(4)(b)(i)The Personal Equity Plan (Amendment No. 2) Regulations 1997reg. 13(1)(b)reg. 1Taxation of Chargeable Gains Act 1992s. 107(11)The Personal Equity Plan (Amendment No. 2) Regulations 1997reg. 13(2)(b)reg. 1Part III Individuals, partnerships, trusts and collective investment schemes etcChapter III Collective investment schemes and investment trusts etc

103CPower to make regulations about collective investment schemes(1)

The Treasury may by regulations make provision about the treatment of participants in collective investment schemes for the purposes of this Act.

(2)

The regulations may, in particular, specify descriptions of collective investment scheme in relation to which they are to apply.

(3)

Regulations under this section may make different provision for different cases or different purposes.

(4)

Regulations under this section—

(a)

may modify this Act or any other enactment or instrument (whenever passed or made), and

(b)

may include incidental, consequential, supplementary or transitional provision.

(5)

A statutory instrument containing regulations under this section must be laid before the House of Commons after being made.

(6)

The regulations cease to have effect at the end of the period of 40 days beginning with the day on which the instrument is made unless before the end of that period the instrument is approved by a resolution of the House of Commons.

(7)

After an instrument containing regulations under this section has been approved under subsection (6), subsections (5) and (6) do not apply to any subsequent such instrument (and accordingly section 287(3) applies to any such instrument).

(8)

If regulations cease to have effect as a result of subsection (6), that does not—

(a)

affect anything previously done under the regulations, or

(b)

prevent the making of new regulations to the same or similar effect.

(9)

In calculating the period of 40 days for the purposes of subsection (6), no account is to be taken of any time during which Parliament is dissolved or prorogued or during which the House of Commons is adjourned for more than 4 days.

(10)

In this section—

“modify” includes amend, repeal or revoke, and

“participant”, in relation to a collective investment scheme, is to be read in accordance with section 235 of the Financial Services and Markets Act 2000.