CG53726 - Qualifying corporate bonds: Business Asset Disposal Relief

FA 2008 introduced Entrepreneurs’ Relief, now named Business Asset Disposal Relief. Although gains that accrue on the disposal of qualifying corporate bonds are not chargeable gains nevertheless such a disposal may trigger a gain that has been deferred under TCGA 1992 section 116(10). The legislation for Business Asset Disposal Relief (TCGA 1992 sections 169H - 169S) contains specific rules for gains that are deferred under section 116(10). The original rules apply from 6 April 2008 to 22 June 2010, CG64160 provides full details. F(No2)A 2010 changed those rules for relevant transactions occurring on or after 23 June 2010. CG64161 provides full details.