Taxation of Chargeable Gains Act 1992 section 148B

Deemed disposals at a gain under section 564(4) of ITTOIA 2005

Section 148B previously dealt with deemed disposals at a gain arising under the disguised interest rules in ITTOIA 2005, but was removed from the legislation by the Finance Act 2013.

• Section 148B has been omitted from the Taxation of Chargeable Gains Act 1992.
• The removal was enacted by Finance Act 2013, Schedule 12, paragraph 8.
• The omission took effect from the 2013–14 tax year onwards.
• Any deemed disposals at a gain previously covered by this section are no longer governed by it for 2013–14 and subsequent tax years.