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Section 256B: How gains are attributed to the non-exempt amount: charitable trusts

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

Part VII: Other property, businesses, investments etc.

This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256A.

The trustees of the charitable trust may specify the attributable gains that are to be attributed to the non-exempt amount.

A specification under subsection (2) is made by notice to an officer of Revenue and Customs.

Subsection (6) applies if—

an officer of Revenue and Customs requires the trustees of a charitable trust to make a specification under this section, and
the trustees have not given notice under subsection (3) of the specification before the end of the required period.

The required period is 30 days beginning with the day on which the officer made the requirement.

An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.

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.