Basic provisions
Application of this Chapter
32. This Chapter applies if a participant disposes of an asset and at the time of the disposal—
(a)the asset is an interest in a non-reporting fund, or
(b)the asset is an interest in a reporting fund and the requirements specified in paragraph (3) of regulation 17 (read, as appropriate, with paragraphs (4) and (5) of that regulation) are met.
Disposal of an asset: the basic rule
33.—(1) There is a disposal of an asset for the purposes of these Regulations if there would be a disposal of an asset for the purposes of TCGA 1992.
(2) Paragraph (1) is subject to the following provisions of this Chapter.