28 Taxation of capital gains and rate of charge
(1) Capital gains tax shall be charged in accordance with the Capital Gains Tax Acts in respect of capital gains, that is, in respect of chargeable gains computed in accordance with those Acts and accruing to a person on the disposal of assets.
(2) Capital gains tax shall be assessed and charged for years of assessment in respect of chargeable gains accruing in those years.
(3) Except where otherwise provided by the Capital Gains Tax Acts, the rate of capital gains tax in respect of a chargeable gain accruing to a person on the disposal of an asset shall be , and any reference in those Acts to the rate specified in this section shall be construed accordingly.
As CGT does not arise until after the sale and purchase of compulsorily purchased land has been concluded, the arbitrator cannot include it in value of land before sale. Peter Heron and Others v Minister for Communications. High Court  CLTP 16.1.1
Corresponding UK Tax Provision
Section 1, Taxation of Chargeable Gains Act 1992
79C Exclusion of foreign currency as asset of certain companies
541C Tax treatment of certain venture fund managers
594 Foreign life assurance and deferred annuities: taxation and returns
597AA Transfers of business assets
627 Charge to exit tax
649A Relevant disposals: rate of charge
649B Windfall gains from rezonings: rate of charge
711 Chargeable gains of life business
732 Special arrangements for qualifying unit trusts
737 Special investment schemes
738 Undertakings for collective investment
739G Taxation of unit holders in investment investment undertakings
747A Capital Gains tax: rate of charge
978 Gifts: recovery of capital gains tax from donee
1042 Charging and assessment of persons not resident or ordinarily resident: modification of general rules