Remedy
Start free

Section 244: Part disposal: consideration exceeding allowable expenditure.

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part VII: Other property, businesses, investments etc.

The provisions of sections 242(2) and 243(2) shall have effect subject to this section.

An election under subsection (2)(b) above shall be made—

for the purposes of capital gains tax, on or before the first anniversary of the 31st January next following the year of assessment in which the part disposal is made;
for the purposes of corporation tax, within 2 years after the end of the accounting period in which the part disposal is made.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.