http://www.legislation.gov.uk/ukpga/2007/3/section/809TIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-04-23Expert Participation2026-04-06
Income Tax Act 2007s. 6B(1A)Finance Act 2026Sch. 2 para. 2s. 8(2)-(4)Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h)
Part 14Income tax liability: miscellaneous rulesChapter A1<Addition ChangeId="key-3c7dd0ba1b37a7977a79cace5dd20e2d-1495462011583" CommentaryRef="key-3c7dd0ba1b37a7977a79cace5dd20e2d">Remittance basis</Addition><Emphasis><Addition ChangeId="key-3c7dd0ba1b37a7977a79cace5dd20e2d-1495462011583" CommentaryRef="key-3c7dd0ba1b37a7977a79cace5dd20e2d">Remittance of income and gains: supplementary</Addition></Emphasis><Addition ChangeId="key-3c7dd0ba1b37a7977a79cace5dd20e2d-1495462011583" CommentaryRef="key-3c7dd0ba1b37a7977a79cace5dd20e2d">Foreign chargeable gains accruing on disposal made </Addition><Addition ChangeId="key-3c7dd0ba1b37a7977a79cace5dd20e2d-1495462011583" CommentaryRef="key-3c7dd0ba1b37a7977a79cace5dd20e2d"><Substitution ChangeId="key-2f355ac1a1e66238bd6157cfb3697788-1508345287952" CommentaryRef="key-2f355ac1a1e66238bd6157cfb3697788">otherwise</Substitution></Addition><Addition ChangeId="key-3c7dd0ba1b37a7977a79cace5dd20e2d-1495462011583" CommentaryRef="key-3c7dd0ba1b37a7977a79cace5dd20e2d"> than for full consideration</Addition>809T1This section applies if—aforeign chargeable gains accrue to an individual on the disposal of an asset, andbthe individual does not receive consideration for the disposal of an amount at least equal to the market value of the asset.2For the purposes of this Chapter treat the asset as deriving from the chargeable gains.Pt. 14 Ch. A1 modified by 2003 c. 1, s. 41F(8) (as substituted (6.4.2015) by Finance Act 2014 (c. 26), Sch. 9 paras. 5, 47 (with Sch. 9 para. 48))Words in s. 809T(1)(b) inserted (retrospective to 22.4.2009) by Finance Act 2009 (c. 10), Sch. 27 paras. 9(2), 15(2)Word in s. 809T heading substituted (retrospective to 22.4.2009) by Finance Act 2009 (c. 10), Sch. 27 paras. 9(3), 15(2)Pt. 14 Ch. A1 modified by 2005 c. 5, s. 643F(4) (as inserted (with effect for the tax year 2018-19 and subsequent years) by Finance Act 2018 (c. 3), Sch. 10 paras. 11, 21(1) (with Sch. 11 para. 22))Pt. 14 Ch. A1 modified (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 19(3)Pt. 14 Ch. A1 inserted (21.7.2008 with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 1 (with Sch. 7 paras. 85-89)Pt. 14 Ch. A1 modified by 2005 c. 5, s. 643N(3)(4) (as inserted (with effect for the tax year 2018-19 and subsequent years) by Finance Act 2018 (c. 3), Sch. 10 paras. 11, 21(1) (with Sch. 11 para. 22))Pt. 14 Ch. A1 modified (temp.) (for the tax years 2025-26, 2026-27 and 2027-28) by Finance Act 2025 (c. 8), Sch. 10 para. 18(1)(2)Ss. 809L-809Z6 applied by 2005 c. 5, s. 643I(9) (as inserted (with effect for the tax year 2018-19 and subsequent years) by Finance Act 2018 (c. 3), Sch. 10 paras. 11, 21(1) (with Sch. 11 para. 22))Ss. 809L-809Z6 applied by 2005 c. 5, s. 643A(6) (as inserted (with effect for the tax year 2018-19 and subsequent years) by Finance Act 2018 (c. 3), Sch. 10 paras. 11, 21(1) (with Sch. 11 para. 22))Pt. 14 Ch. A1 modified by 2003 c. 1, s. 41A(8) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 80 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 22)Pt. 14 Ch. A1 modified by 1988 c. 1, s. 762ZB(3) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)Pt. 14 Ch. A1 modified by 1992 c. 12, s. 87B(3) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 115 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 108 (with Sch. 7 paras. 116-119))