CG10775 - Exempt persons: miscellaneous exemptions: TCGA92/S271
TCGA92/S271 provides other miscellaneous exemptions, for example any chargeable gains accruing to the following persons
- a health service body.
- The Trustees of the British Museum.
- The Trustees of the British Museum (Natural History).
- Scientific research associations which satisfy the conditions in CTA2010/S469.
- English Heritage (the Historic Buildings and Monuments Commission for England).
- The Trustees of the National Heritage Memorial Fund.
- The UK Atomic Energy Authority.
- The National Radiological Protection Board.
- The issue departments of the Central Banks of India and Pakistan.
This is not an exhaustive list.
Additionally TCGA92/S271:
- Exempts gains on the realisation of Government stock standing in the name of the Treasury or National Debt Commissioners or belonging to the Crown.
- Exempts gains on certain funds held for the reduction of the National Debt.
- Exempts gains for certain central banks.
- Confers on overseas signatories to the Operating Agreement of the International Maritime Satellite Organisation exemption from Corporation Tax or Capital Gains Tax in respect of any chargeable gains accruing on a payment received by such a signatory from the Organisation under the Agreement. An `overseas signatory’ is a signatory other than one designated for the purpose of the Agreement by the United Kingdom.
This is not an exhaustive list.