Enjoy SmartLeges Premium!

Subscribe to SmartLeges Premium and enjoy the following advantages:

  • Consult as many laws as you need with no additional charge
  • Consult almost any law in several countries with the new advanced search engine. All legislation within reach!
  • Enjoy all SmartLeges functions without restrictions
See the plans

An essential and free application for professionals and students in the legal sector

Read more

Sign up for free!

Would you like to consult this and other laws complete?

Sign up for free to consult all the laws of SmartLeges in your mobile phone or tablet, as well as underline text, add notes...

Sign up for free!

Email Facebook Twitter Google Linkedin Tumblr


UK Statutory Instruments

Version as made

2011 No. 23 (C. 2)

  • Version as made

Introductory Text

Statutory Instruments

2011 No. 23 (C. 2)

Capital Gains Tax

The Finance Act 2008, Section 39(7) (Commencement) Order 2011


10th January 2011

The Treasury make the following Order in exercise of the powers conferred by section 39(8) of the Finance Act 2008(1):


1.  This Order may be cited as the Finance Act 2008, Section 39(7) (Commencement) Order 2011.

Appointed Day

2.  The day appointed for the coming into force of section 39(7) of the Finance Act 2008 is 1st February 2011. Michael FabricantJames DuddridgeTwo of the Lords Commissioners of Her Majesty’s Treasury10th January 2011

EXPLANATORY NOTE(This note is not part of the Order) This Order brings into force section 39(7) of the Finance Act 2008 (c. 9) which inserted a new section, section 26A, in the Taxation of Chargeable Gains Act 1992 (c. 12) . Section 26A deals with dormant bank or building society accounts (under the Dormant Bank and Building Society Accounts Act 2008 (c. 31) ) and provides that the transfer of the balance of a dormant account to an authorised reclaim fund (or such a fund and one or more charities) is not to be treated as the disposal or acquisition of an asset. (1) 2008 c. 9 .