United Kingdom TCGA sections
Statute section
TCGA section 2
Taxation of Chargeable Gains Act 1992 s.2 - Persons and gains chargeable
Country
United Kingdom
Section
2
Updated
2026-05-20
Operative text
TCGA 1992 section 2 charges capital gains tax on UK residents on worldwide gains and on non-UK residents on gains arising from UK land and certain other UK assets. Annual exempt amount (3,000 GBP for 2024-25) provides a small allowance.
Amendment history
2024-04-06
Finance Act 2024
Annual exempt amount reduced to 3,000 GBP.
Cross-references
TCGA 1992 s.10A
Related guides
Primary sources
- TCGA 1992 s.2 - legislation.gov.ukVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.