Policy paper
The London Capital and Finance Compensation Scheme (Chargeable Gains Exemption) Regulations 2021
This tax information and impact note is about the measure to introduce a Capital Gains Tax exemption for payments made under the London Capital and Finance Compensation Scheme.
Documents
Details
The London Capital and Finance (LCF) Compensation Scheme is designed to compensate bondholders who suffered losses after investing in LCF, which entered administration in 2019.
This measure complements the LCF Compensation Scheme by clarifying that the compensation received is not subject to Capital Gains Tax.