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Updates: Capital Gains Manual

2024

17 December 2024 published amendments

Bed and breakfasting

CG13350 updated to amalgamate CG13360 and CG13370 and move to CG12700C

Capital Gains manual: introduction and computation: occasions of charge: bed and breakfasting: contents

CG13350 updated to amalgamate CG13360 and CG13370 and move to CG12700C

CG13350 updated to amalgamate CG13360 and CG13370 and moved to CG12700C

Introduction and computation: occasions of charge: contents

CG13350 updated to amalgamate CG13360 and CG13370 and move to CG12700C

CG13350 updated to amalgamate CG13360 and CG13370 and moved to CG12700C, CG13350P archived

Claims and elections: meaning of claims and elections

section pages amended and archived as part of manual review

Claims and elections: Time limits

section pages updated/ archived as part of manual review

section pages updated/ archived as part of manual review

Claims and elections: distinction between a claim and an election

Page archived content in CG13700P.

Claims and elections: extended time limits

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Claims and elections: late claims and elections

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Claims and elections: late claims and elections: responding to

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Introduction and computation: claims and elections: contents

section pages updated/ archived as part of CG manual review

Claims and elections: Procedures for making a claim or election

redaction applied to internal only email address

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Creation of separate settlements: introduction: Contents

Removing duplicates from contents.

Capital Gains Manual: Trusts and Capital Gains Tax: Gifts in settlement: contents

Removed duplicate from contents page.

Capital Gains Manual: Trusts and Capital Gains Tax: Trusts with vulnerable beneficiaries: Cases of non-resident trustees and/or non-resident beneficiaries: Contents

Archived as only contained duplicated pages.

Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: General introduction: Contents

Removed duplicate from contents page.

Capital Gains Manual: Trusts and Capital Gains Tax: Bare trusts: contents

Removing duplicate pages from contents

16 December 2024 published amendments

Separate settlements: form of the transaction: power in wider form

Page archived content in CG37850.

Hire purchase agreements

page updated as part of manual review project

Introduction and computation: occassions of charge: hire purchase: contents

CG12860 moved to CG12700C and CG12850P and sub pages archived

CG12860 moved to CG12700C and CG12850P and sub pages archived

Introduction and computation: occasions of charge: contents

CG12860 moved to CG12700C and CG12850P and sub pages archived

CG12860 moved to CG12700C and CG12850P and sub pages archived

Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: Life interests in possession: Contents

Archived as only contained duplicated pages.

12 December 2024 published amendments

11 December 2024 published amendments

Disposal of assets: introduction

page updated as part of manual review

Disposal of assets: deemed disposals

page updated as part of manual review

Disposal of assets: no gain/no loss disposals

page updated as part of manual review

Disposal of assets: mortgages: transfer of asset by way of security

page updated as part of manual review.

Disposal of assets: examples

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Introduction and computation: occassions of charge: Disposal of assets: not treated as disposals

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Introduction and computation: occassions of charge: disposal of assets: contents

page updated with new page and pages archived

Part disposals: general: what is the asset

page updated as part of manual review

Part disposals: allowable costs and apportionment

page updated as part of manual review

Part disposals: no gain/no loss disposals

page updated as part of manual review

Part disposals: indexation allowance: restriction of losses – capital allowances: composite acquisition

page updated as part of manual review

Introduction and computation: occassions of charge: exchanges of assets: contents

Page and sub-pages archived, content at CG12701.

9 December 2024 published amendments

4 December 2024 published amendments

Annual exempt amount: trust exemption

republished to see if title updates as it shows 'general' in the contents whilst showing the correct title 'trust exemption' in the actual title

Introduction and computation: annual exempt amount: contents

added P pages back into C page to republish and then re-archive to archive child pages.

added P pages back into C page to republish and then re-archive to archive child pages.

Capital Gains manual: introduction and computation: annual exempt amount: introduction: contents

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Capital Gains manual: introduction and computation: annual exempt amount: residence in the United Kingdom: contents

added P pages back into C page to republish and then re-archive to archive child pages.

added P pages back into C page to republish and then re-archive to archive child pages.

Capital Gains manual: introduction and computation: persons chargeable: summary: contents

CG10702 page updated and moved to CG10700C

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Introduction and computation: persons chargeable: exempt persons: contents

CG10760 page updated and moved to CG10700C

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Spouses and civil partners: dealt with separately

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Introduction and computation: chargeable persons: contents

archived pages removed from C page

27 November 2024 published amendments

Chargeable persons

material updated and placed in CG10700C

Chargeable persons: exemptions

page updated and moved to CG10700C

Introduction and computation: chargeable persons: contents

added CG10702 and CG10760 to C page before archiving P pages and child pages

Introduction and computation: chargeable assets: Contents

deleted archived pages

26 November 2024 published amendments

Introduction and computation: chargeable assets: Contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

Introduction and computation: chargeable assets: shares and securities: contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

Introduction and computation: chargeable assets: intangible assets: contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

Introduction and computation: chargeable assets: location of assets: contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

Introduction and computation: chargeable assets: exemptions from the capital gains charge: contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

Introduction and computation: chargeable assets: debts: contents

added back CG11800p, CG12000p, CG12400P, CG12200p and CG12600P in order to archive sub pages

25 November 2024 published amendments

Chargeable assets: intangible assets: rights

sub page to CG12000P being archived as P page was archived and sub pages didn't automatically archive

22 November 2024 published amendments

Finding deleted or updated guidance

Updated suggestions for how to find earlier versions of the Capital Gains Manual on National Archives.

20 November 2024 published amendments

Introduction and computation: chargeable assets

page unarchived and amended as part of update to CG11700C

Chargeable assets: intangible assets: rights

CG1200P and subpages to be archived content now at CG1200

Location of assets

CG12400P and sub pages to be archived content moved to CG12400

Introduction and computation: chargeable assets: shares and securities: contents

page and subpages archived content now in CG11700C

page and subpages archived content now in CG11700C

Introduction and computation: chargeable assets: debts: contents

page and subpages archived content now in CG11700C

page and subpages archived content now in CG11700C

Introduction and computation: chargeable assets: exemptions from the capital gains charge: contents

page and subpages archived content now in CG11700C

Page and subpages archived content now in CG11700C

Introduction and computation: chargeable assets: location of assets: contents

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Introduction and computation: chargeable assets: Contents

P subpages archived content now in CG11700C

19 November 2024 published amendments

Absolute entitlement: losses of trustees: apportionment

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Absolute entitlement: losses of trustees: entitlement on or after 16 June 1999

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Absolute entitlement: losses of trustees: restriction of beneficiary's relief after 16 June 1999

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Absolute entitlement: losses of trustees: entitlement on or after 16 June 1999

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Absolute entitlement: losses of trustees: hold-over relief

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Absolute entitlement: losses of trustees: connected persons

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Absolute entitlement: losses of trustees: other trustees becoming entitled

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Absolute entitlement: charities becoming absolutely entitled

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Losses and other reliefs: gifts hold-over

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Absolute entitlement: principal private residence

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Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: general: Main occasions of absolute entitlement: Contents

deleted CG37300 from P page in order to archive P page and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: particular cases: Absolute interest in part of trust fund: Contents

duplicate pages deleted after information consolidated

Absolute entitlement: part of trust fund: successive events

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Absolute entitlement: part of trust fund: successive events

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Absolute entitlement: part of trust fund: immediately

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Absolute entitlement: part of trust fund: Trustees' power of appropriation

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Absolute entitlement: Trustees' power of appropriation: Scottish trusts

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Absolute entitlement: part of trust fund: sales of land

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Absolute entitlement: part of trust fund: other trusts of land

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Absolute entitlement: part of trust fund: Scottish trusts

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Absolute entitlement: part of trust fund: other trusts of land

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Absolute entitlement: part of trust fund: land in Ireland

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Absolute entitlement: part of trust fund: settlement of undivided share

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Absolute entitlement: part of trust fund: Lloyds Bank v Duker

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Absolute entitlement: part of trust fund: Lloyds Bank v Duker

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Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: particular cases: Mergers of interests: contents

removed CG37600 in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: particular cases: Absolute entitlement: other special cases: contents

CG37700 removed in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Appointment or advancement by trustees: practical approach: Contents

CG37830 removed in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Form of the transaction: Contents

CG37850 removed in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Substance of the transaction: Contents

CG37870 removed in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Conventional use of special powers of appointment: Contents

CG37873 removed in readiness to archive P and sub pages

Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Variation of trusts: Contents

duplicated pages removed

Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: general: contents

page restructured after duplication removed

page restructured after duplication removed

Capital Gains Manual

added CG10150 to main page

18 November 2024 published amendments

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: contents

Changing contents list so introductory pages are no longer in a separate contents list.

Capital Gains Manual: Reliefs: Capital Gains Tax and Gifts: Chargeable Gifts: Contents

Contents page being archived, see CG66450C.

Contents page being archived, see CG66450C.

11 November 2024 published amendments

Goodwill and Intellectual Property Rights: disputed valuations and appeal hearings

ref to AH0645 removed as this page no longer exists and no replacement in appeals handbook

8 November 2024 published amendments

Capital Gains manual: introduction and computation: annual exempt amount: introduction: contents

Archiving content following update of AEA guidance; see CG18000C.

7 November 2024 published amendments

Annual exempt amount: trust exemption: before 6 April 2019

Page name update.

Annual exempt amount: trust exemption

Revision and update to the AEA guidance; unnecessary material removed.

Introduction and computation: annual exempt amount: introduction: Annual exempt amount: general

Pages revised into a single page and simplified so only necessary information is shown.

5 November 2024 published amendments

Share exchange: TCGA92/S135: qualifying conditions: general

HMRC's view of where Case 2 of S135 may apply now included, other minor changes.

22 July 2024 published amendments

19 July 2024 published amendments

18 July 2024 published amendments

15 July 2024 published amendments

Transfer of assets: between spouses or between civil partners: separation, divorce or dissolution: value of consideration where date of disposal precedes decree absolute or precedes the date the dissolution is made final

banner message created - This page does not reflect the changes brought about by Finance Act (No 2) 2023 and is currently being updated

Transfer of assets: between spouses or between civil partners living together: year of separation

banner message - This page does not reflect the changes brought about by Finance Act (No 2) 2023 and is currently being updated

Private residence relief: separation, divorce or dissolution of civil partnership: introduction

banner message - This page does not reflect the changes brought about by Finance Act (No 2) 2023 and is currently being updated

Private residence relief: separation, divorce or dissolution of civil partnership: transfer between spouses or between civil partners

banner message -This page does not reflect the changes brought about by Finance Act (No 2) 2023 and is currently being updated

Private residence relief: separation, divorce or dissolution of civil partnership: spouse or civil partner transferring interest

banner message - This page does not reflect the changes brought about by Finance Act (No 2) 2023 and is currently being updated

18 June 2024 published amendments

Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Reporting requirements

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Company reconstructions: shareholder: TCGA92/S136: company office

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Interests in possession: interest for life of another

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Interests in possession: introduction: death and trusts

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Interests in possession: further points

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Interests in possession: further points

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Life interests in possession: meaning

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Interests in possession: interests of minors: Trustee Act 1925

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Interests in possession: interests of minors: Trustee Act 1925

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Interests in possession: age of majority

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Interests in possession: age of majority

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Interests in possession: minors: Scotland

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Interests in possession: protective interests

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Interests in possession: interest for life of another

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Gifts to employee trusts: persons qualifying: other companies

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Gifts to employee trusts: computation of gains

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Gifts to employee trusts: procedure: liaison with HMRC - IHT

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Interests in possession: market value on death: introduction: Inheritance Tax

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Interests in possession: introduction: death and trusts

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: Board's Press Release

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Gifts in settlement: hold-over relief

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Gifts to employee trusts: persons qualifying: individuals

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Gifts to employee trusts: persons qualifying: close companies

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Guidance in TSEM: elections and claims

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Claims

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UK resident beneficiary: tax years 2004-05 to 2007-08

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UK resident beneficiary: tax years 2004-05 to 2007-08: calculation

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UK resident beneficiary: tax years 2004-05 to 2007-08: Increase in liability

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UK resident beneficiary: tax year 2008-09 onwards: example tax year 2010-11

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Procedures for dealing with elections and claims

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Settlor trusts: form of certificate

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Settlor trusts: maintenance funds for historic buildings

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Settlor trusts: share option schemes: trusts for employees

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Settlor trusts: other commercial arrangements

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Settlor trusts: other commercial arrangements

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Assessment and procedures: trustees: rate applicable to trusts: years 1998-99 to 2007-08

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Rates: special cases

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Assessment: collection of tax from beneficiaries

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Guidance in TSEM: conditions for special rules to apply - vulnerable persons

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Guidance in TSEM: conditions for special rules to apply - qualifying trusts

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Settlor trusts: computations: double taxation relief

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Settlor trusts: procedures: returns by trustees

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Settlor trusts: procedures: returns by settlors

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Settlor trusts: recovery by settlor from trustees of tax paid

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Settlor trusts: normal case

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: computations: Example 1

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Settlor trusts: computations: Example 2

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Settlor trusts: computations: foreign gains special cases

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Settlor trusts: computations: double taxation relief

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Trusts: documentation and submissions: submissions to a specialist office

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Legatees: sells interest in estate before assets vest

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Legatees: gifts interest in estate before assets vest

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Personal representatives: beneficial ownership: before residue ascertained

archiving unpublished page

Partnership annuities and lump sums: SP1/79

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Death and personal representatives: subjects dealt with

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14 June 2024 published amendments

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Definitions

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Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: The transparency and exemption elections

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Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: The exemption election: Making & revoking an election, and effect of election

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Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Meaning of wholly owned and almost wholly owned

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Leases: commutation of rent provided for in terms of lease

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Leases: Assessments for periods ended more than 6 years previously

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Leases: Assessments for periods ended more than 6 years previously

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Leases: commutation of rent/variation of terms of lease: 6/4/96p

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Short leases: disposal: allowable cost of acquisition

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Short leases: disposal: enhancement expenditure

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Short leases: disposal: 'period of ownership'

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Short leases: disposal: indexation allowance

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Short leases: disposal: wasting of allowable expenditure: part-years

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Short leases: disposal: cases within CG71170: procedure

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Leases: disposal of lease: following application of ESC D39

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Leases: sum paid by tenant to procure surrender of lease

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Leases: capital sum received by landlord for accepting surrender of lease

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Leases: capital sum received for alteration of terms: introduction

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Leases: property income: non-arm's length grant of lease: deemed premium

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Leases: grant of lease out of short lease: example 1

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Leases: grant of lease out of short lease: example 2

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Leases: grant of lease out of short lease: sub-lease at higher rent

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Leases: grant of lease out of short lease: part of land sub-let

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Leases: grant of lease out of short lease: restriction of capital loss

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Leases: grant of lease out of short lease: restriction of capital loss

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Share exchange: TCGA92/S135: company office

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Securities: debts: definition of debt on a security

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Securities: debts: general points: bundle of rights

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Securities: debts: general points: payments under guarantee

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Group share exchanges: share exchanges

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Administration: introduction: losses

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Group share exchanges: introduction

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Definitions: recognised stock exchanges: London stock exchange: history: the Alternative Investment Market

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Definition: recognised stock exchanges: other markets: Tradepoint, virt-x, SWX Europe, PLUS

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Administration: introduction: losses

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Administration: introduction: losses

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Administration: introduction: losses

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Administration: introduction: losses

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Administration: relationship between companies and individuals

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Administration: introduction: non-resident companies

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Administration: introduction: company acting in fiduciary capacity

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Administration: introduction: rate of charge

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Example: non-payment of interest

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Matching section 87 gains - the rules from 2008-09

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Matching in the same year - example

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Matching in an earlier year - example

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Matching in a later year - example

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Administration: introduction: company, profits, income

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Administration: introduction: company, profits, income

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Administration: introduction: losses

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Group share exchanges: share exchanges

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13 June 2024 published amendments

Leases: part of premium chargeable as income: deemed premium: example

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Leases: freehold/long lease

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Leases: freehold/long lease: example

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Retirement benefits schemes: funds approved under ICTA88 S608

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Retirement benefits schemes: commutation of pension after retirement

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Appropriations from stock in trade

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Land: law of Property Act 1925 Land held on 'trust for sale'

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Leases: part of premium chargeable as income: example

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Leases: part of premium chargeable as income: effect on CGT computation

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Gifts: Inheritance Tax: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: exceptions to general rule

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Gifts: Inheritance Tax: gifts to certain settlements: information power

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Gifts: Inheritance Tax: allowing hold-over relief

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Retirement benefits schemes: exempt approved schemes

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Retirement benefits schemes: exemption: other funds

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Retirement benefits schemes: exemption: local authorities

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Retirement benefits schemes: non-approved funds

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Retirement benefits schemes: sickness, death and retirement benefits

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Retirement benefits schemes: self-employed persons

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Gifts: Inheritance Tax: Finance Act 2004 changes: gifts to settlor-interested settlements and settlements that become settlor-interested: outline

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee is settlor-interested settlement immediately after disposal

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: relevant individual has interest in settlement immediately after disposal: intermediate gifts

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee becomes settlor-interested settlement before hold-over relief is obtained

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Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

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Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions relating to property

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Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "relevant disposal", "clawback period", "material time"

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Gifts: Inheritance Tax: claw back of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

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Gifts: Inheritance Tax: gifts immediately chargeable to Inheritance Tax

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Gifts: Inheritance Tax: potentially exempt xfers

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Gifts: Inheritance Tax: specific exemptions from Inheritance Tax: outline

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Gifts: Inheritance Tax: accumulation/maintenance trusts

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Gifts: Inheritance Tax: trusts for bereaved minors and age 18 to 25 trusts

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Gifts: Inheritance Tax: other gifts exempt from Inheritance Tax

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Gifts: Inheritance Tax: where to find help and cases of doubt

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Gifts: Inheritance Tax: Relief for Inheritance Tax paid

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Gifts: Inheritance Tax: Relief for Inheritance Tax paid: hold-0ver claims under section 165 TCGA 1992

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Gifts: Inheritance Tax: Relief for Inheritance Tax paid: liaison with Specialist PT - IHT

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Gifts: non-business assets: definition

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Gifts: transfer of goodwill at nominal consideration

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Gifts: computation: allowing hold-over relief

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Gifts: computation: how to compute the held-over gain

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Gifts: computation: examples

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Gifts: computation: outright gift

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Gifts: computation: partial gift

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Gifts: computation: part trade use of asset

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Gifts: disposal of shares: non-business chargeable assets

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Gifts: Inheritance Tax: disposals qualifying for relief: outline

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Gifts: business assets: buildings and structures

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Gifts: business assets: agricultural property

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Gifts: agricultural property: liaison with Specialist PT - IHT (formerly CAR - IHT and before that the Capital Taxes Office)

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Gifts: agricultural property: hope/development value

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Gifts: trading/holding cos of trading groups: non-business assets

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Gifts: non-business assets: restricting relief

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Gifts: transfer of a business to a company: section 165 relief

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Gifts: exchange for shares

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Gifts: exchange for shares

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Gifts: exchange for shares

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Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

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Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

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Gifts: Finance Act 2004 changes: gifts to certain settlements: exceptions to general rule

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Gifts: Finance Act 2004 changes: gifts to certain settlements: information power

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Gifts: business assets: qualifying for relief

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Gifts: business assets: definitions

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Gifts: business assets: assets used in trade: trustees

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Gifts: business assets: qualifying corporate bonds

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Gifts: assets used in a trade: trade and non-trade use

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Gifts: business assets: non-trade use

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Gifts: gifts of business assets: late claims

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Gifts: gifts of business assets: late claims

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Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee is settlor-interested settlement immediately after disposal

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Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement immediately after disposal

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Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement before hold-over relief is obtained

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Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

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Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

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Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

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Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

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Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions relating to property

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Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "relevant disposal", "clawback period", "material time"

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Gifts of land to housing associations: definition of housing association

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Gifts: gifts of business assets: introduction

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Gifts: gifts of business assets: when relief available

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Gifts: gifts of business assets: when relief not available

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Gifts: gifts of business assets: how to obtain relief

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Gifts: gifts of business assets: form of claim

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Private residence relief: example: Mesher Order

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Private residence relief: dependent relative: introduction

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Private residence relief: change in use: incorrect application of TCGA92 S224(2)

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Private residence relief: permitted area: form of report to Valuation Office Agency (VOA)

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Private residence relief: permitted area: no agreement: assistance from Capital Gains Technical Group

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Private residence relief: permitted area: Tribunal hearing: evidence

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Private residence relief: end of period of ownership

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Private residence relief: ownership period beginning at 31/3/82: example

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Private residence relief: exchanges of interests: introduction

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Private residence relief: exchange of jointly owned dwelling house: disposals prior to 6 April 2010: ESC/D26

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Private residence relief: exchange of jointly owned dwelling house: disposals prior to 6 April 2010: ESC/D26: example

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Private residence relief: the entity of the dwelling house: boats

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Private residence relief: non residential use: part of house used for business: apportionment

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Private residence relief: non residential use: example: part of house used for business: apportionment

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Private residence relief: change in use: method of adjustment

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Private residence relief: change in use: no adjustments

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Order of reliefs

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Co.purchases own shares: treated as distribution: UK resident cos

Page archived.

Co.purchases own shares: covered by ICTA88 S219: computation

Page archived.

Stock dividends: general

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Stock dividends: CGT treatment: acquisition of new shares

Page archived.

Deferred consideration: shares and securities: normal rules

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Deferred consideration: shares and securities: unascertainable

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Deferred consideration: shares and securities: TCGA92/S138A: conditions and consequences

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Deferred consideration: shares and securities: TCGA92/S138A elections

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Deferred consideration: shares and securities: unascertainable

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Deferred consideration: shares/securities: the election - form and time limits

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Deferred consideration: shares and securities: position before TCGA92/S138A - ESC/D27

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Deferred consideration: shares/securities: position before TCGA92 S138A - ESC D27

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Deferred consideration: shares and securities: variation of sale agreement

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Co.purchases own shares: treated as distribution: not UK resident cos

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Capital distributions: introduction

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Small capital distributions: computation: 1982 holding

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Capital distributions: rights issue: no gain/no loss transfer

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Capital distributions: rights issue: no gain/no loss transfer: computation

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Deferred consideration: shares and securities: what to consider

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Deferred consideration: shares and securities: list of examples

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Deferred consideration: shares and securities: earn-out rights

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Deferred consideration: shares and securities: later payments cash only

Page archived.

24 May 2024 published amendments

Computation: date of disposal: conditional and unconditional contracts

Page archived and contents merged with CG14261

Capital Gains manual: introduction and computation: computation: date of disposal: contents

Amending contents page following update to guidance (several pages archived and one new page added).

23 May 2024 published amendments

20 May 2024 published amendments

recent changes

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Recent changes

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Capital Gains Manual - recent changes

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Capital Gains Manual: recent changes

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Manual: recent changes

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Recent changes

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Recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual - recent changes

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Capital Gains Manual - recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual - recent changes

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Capital Gains: recent changes

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Capital Gains Manual: recent changes

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Recent changes

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Foreign currency: treatment of currency

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Foreign currency: amount assessable

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Demergers: indirect demergers: CGT treatment: individuals

Page archived.

Trusts: outline of CGT for trusts: annual exempt amount

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Trusts: outline of CGT for trusts: annual exempt amount

Page archived.

Trusts: outline of CGT for trusts: interests of beneficiaries

Page archived.

Basic terms of trust law as applied to CGT

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Basic terms of trust law as applied to CGT

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Valuation of assets: ascertained values: other assets

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Trusts: outline of CGT for trusts: the settlement

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Trusts: outline of CGT for trusts: the settlement

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Trusts: outline of CGT for trusts: the settlement

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Trusts: outline of CGT for trusts: transfers in

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Trusts: outline of CGT for trusts: events during life of settlement

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Trusts: outline of CGT for trusts: events during life of settlement

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Trusts: outline of CGT for trusts: transfers out

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Trusts: outline of CGT for trusts: rates of tax

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Variations: estate: disclaimers: example 2

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Variations: instruments of variation: general

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Non-retrospective variations: assets already vested: legatee's office

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Non-retrospective variations: assets already vested: legatee's office actions

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Non-retrospective variations: disposals not for valuable consideration

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Non-retrospective variations: deleting trust: personal representatives

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Valuation of assets: ascertained values: form of enquiry: land in UK

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Valuation of assets: unascertained values: land in UK

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Valuation of assets: ascertained values: unlisted shares

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Valuation of assets: unascertained values: unlisted shares

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Personal representatives: beneficial ownership: when residue ascertained

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Legatees: computing gains arising to: expenses of transfer

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Legatees: sells interest in estate before assets vest

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Legatees: gifts interest in estate before assets vest

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Varying devolution of estate: methods of varying devolution

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Variations: estate: deeds of appointment: power to appoint

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Variations: estate: deeds of appointment: power to appoint

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Variations: estate: disclaimers: example 1

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Personal representatives: beneficial ownership: England/Wales

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Personal representatives: beneficial ownership: when residue ascertained

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Personal representatives: beneficial ownership: when residue ascertained

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Personal representatives: beneficial ownership: when residue ascertained

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Legatees: acquisitions: date of acquisition

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Legatees: acquisitions: example

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Legatees: computing gains arising to: normal rules apply

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Legatees: computing gains arising to: normal rules apply

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Personal representatives: who to assess: residence effects

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Personal representatives: who to assess: residence effects

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Personal representatives: who to assess: residence effects

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Personal representatives: who to assess: residence effects

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Personal representatives: assessing gains: Example 2

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Personal representatives: deceased not resident/not ordinarily resident

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Personal representatives: special personal representatives

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Personal representatives: distribution and vesting of assets: assent

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Personal representatives: annual exempt amount

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Personal representatives: solicitors expenses: deductions

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Personal representatives: solicitors expenses: deductions

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Liability to date/death: deceased competent to dispose: pship. interests

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Liability to date/death: deceased competent to dispose: assets excluded

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Liability to date/death: deceased competent to dispose: foreign law

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Liability to date/death: deceased competent to dispose: joint tenancies

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Liability to date/death: deceased competent to dispose: Example 2

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Death/personal representatives: varying devolution of estate voluntarily

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Death/personal representatives: varying devolution of estate voluntarily

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Death/personal representatives: varying devolution of estate voluntarily

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Death/personal representatives: varying devolution of estates: court order

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Death/personal representatives: varying devolution of estates: court order

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Death/personal representatives: varying devolution of estates: court order

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16 May 2024 published amendments

Chargeable assets: intangible assets: rights of action

Reinserted names of relevant tax cases

13 May 2024 published amendments

Capital Gains Manual: Shares and Securities: Valuation of shares and securities: Valuation of quoted shares: Contents

pages restructured that mentioned Interactive Data and include pages to be deleted CG59520

Valuation: quoted shares and units in a Unit Trust: checking valuations

Replacing reference to Interactive Data.

Valuation: quoted shares: use of Interactive Data (formerly Extel)

pages restructured that mentioned Interactive Data and include pages to be deleted

Company reconstructions: shareholder: TCGA92/S136: introduction

Updating references to Interactive Data,

Shares and Securities: Definitions and share issues: Stock Exchanges: Quoted/unquoted and listed/unlisted: Definitions: quoted and unquoted shares and securities: valuations

Text regarding Interactive Data replaced.

Reorganisations of share capital: open offers and vendor placings

Replacing reference to Interactive Data.

Reorganisations of share capital: open offers and vendor placings: combined issues

Replacing references to Interactive Data,.

Capital Gains Manual: Shares and Securities: Share reorganisations: Apportionment of cost: Contents

pages restructured that mentioned Interactive Data and include pages to be deleted CG52050 and 52052

Reorganisations of share capital: apportioning costs at the date of reorganisation

Replacing refernce to Interactive Data.

Reorganisations of share capital: creation of separate holdings: example using section 130

Replacing references to Interactive Data

Reorganisations of share capital: apportionment of cost: analysis of statute

Replacing reference to Interactive Data.

Reorganisations of share capital: apportioned cost: use of Interactive Data (Extel): adjustment factors

pages restructured that mentioned Interactive Data and include pages to be deleted

Reorganisations of share capital: apportioned cost: use of Interactive Data (Extel): adjustment factors example

pages restructured that mentioned Interactive Data and include pages to be deleted

Share exchange: TCGA92/S135: procedure

Replacing reference to Intercative Data.

Capital Gains Manual: Shares and Securities: Definitions and share issues: Stock Exchanges: Quoted/unquoted and listed/unlisted: Contents

pages restructured that mentioned Interactive Data and include pages to be deleted CG50280

Introduction and computation: occasions of charge: assets lost/destroyed/negligible value: quoted shares

Reference to Interactive Data deleted.

Definitions: quoted and unquoted shares and securities: Interactive Data (formerly Extel)

pages restructured that mentioned Interactive Data and include pages to be deleted

7 May 2024 published amendments

Valuation of shares and securities

Refernce to Interactive Data replaced.

1 May 2024 published amendments

Finding deleted or updated guidance

unarchived as guidance was deemed necessary

15 April 2024 published amendments

11 April 2024 published amendments

9 April 2024 published amendments

Finding deleted or updated guidance

Page archived. Information does not contain technical content relating to capital gains.

5 April 2024 published amendments

Example 4: a partner leaves after assets have been revalued

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Partnership mergers: SP D12: example

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Example 2: transfer of an asset at market value

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Example 4: Transfer of an asset by a group company to a partnership

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Rebasing: SP1/89: example 1: pre-FA 2008 rules: change in partnership sharing ratios - no rebasing election made by disposing partner

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Rebasing: SP1/89: example 2: pre-FA 2008 rules: change in partnership sharing ratios - rebasing election made by disposing partner

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Effects of residence, ordinary residence/domicile: meaning of terms

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Ignore gains before becoming resident

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Relief for losses: example

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Relief for losses: example

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Relief for losses: example

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Relief for losses: losses in year of death

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Losses and annual exempt amounts: example

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Valuation: more than one interested person: hearings: other tribunals: changes for SA:

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Valuation: more than one interested person: applications to Tribunal

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Valuation: post transaction valuation checks: where to send form CG34

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Valuation: interested parties: remoter interests

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Valuation: more than one interested person: how to join person in appeal

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Valuation: more than one interested person: how to join person in appeal

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Valuation: more than one interested person: settlement of appeals

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Valuation: more than one interested person: Tribunal hearing: Reg 8

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Valuation: more than one interested person: hearing: other tribunals

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Valuation: more than one interested person: regulations must be followed

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Compensation: assets damaged/destroyed: replacement assets: time limits

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Compensation: assets damaged/destroyed: `replacement'

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“Report and pay the tax” section of the return submitted through the CGT on UK Property Account: Amendments

The changes are updates to the examples to reflect the rate change from 28% to 24% from 6 April 2024 as well as updating the years shown in the examples, the AEA and personal allowance.

Non-resident capital gains from 6 April 2019: Collective Investment Vehicles: supplementary draft guidance

Page archived

Non-resident capital gains from 6 April 2019: Collective Investment Vehicles: draft guidance

Page archived

4 April 2024 published amendments

Part 2 - Submitting returns through the CGT on UK Property Account: Complex and Miscellaneous Scenarios

The changes are updates to the examples to reflect the rate change from 28% to 24% from 6 April 2024 as well as updating the years shown in the examples, the AEA and personal allowance.

Part 2 - Submitting returns through the CGT on UK Property Account: The calculation

The changes are updates to the examples to reflect the rate change from 28% to 24% from 6 April 2024 as well as updating the years shown in the examples, the AEA and personal allowance.

Part 1 Accessing the Capital Gains Tax (CGT) on UK Property Account: Before you start

amendments to CG-APP18-110, 1.13 Paper return to also be updated as close to 6 April as possible.

26 March 2024 published amendments

Annual exempt amount: exploitation: asset splitting

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Annual exempt amount: exploitation: asset splitting

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Annual exempt amount: exploitation: fragmentation

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Computation: IT: sale of income for lump sum

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Computation: IT: sale of income for lump sum

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Computation: IT: finance leases

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Computation: IT: alternative finance arrangements

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Introduction and computation: computation: IT: disguised interest

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Computation: VAT

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Computation: interaction with other taxes: IT: example

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Computation: interaction with other taxes: IT: example

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Computation: income/profits not chargeable to Income Tax

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Computation: income/profits not chargeable to Income Tax

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Computation: IT: conclusiveness of Income Tax decisions

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Computation: IT: assets acquired from person liable CVII of Sch.D

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Computation: IT: transactions in land

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Computation: rounding

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Computation: interaction with other taxes: IT: introduction

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Computation: interaction with other taxes: IT: introduction

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Computation: interaction with other taxes: IT: sums chargeable as income

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Computation: interaction with other taxes: IT: sums chargeable as income

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Computation: interaction with other taxes: IT: exclusion of expenditure

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Computation: interaction with other taxes: IT: exclusion of expenditure

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Computation: introduction

Page archived.

Computation: losses

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Computation: rounding

Page archived.

25 March 2024 published amendments

Capital Gains Manual: Shares and Securities: Company reconstructions and amalgamations: Company reconstructions and amalgamations Share exchange: contents

pages CG52632 and CG52633 added

pages CG52632 and CG52633 added

Insolvency and bankruptcy

Page rewritten and links added.

Investment clubs

Page rewritten. Links added.

Funds in Court: England Wales and Northern Ireland

Page rewritten. Links added.

Lloyd's underwriting

Page rewritten and links added.

14 March 2024 published amendments

12 March 2024 published amendments

Non-resident companies: quantifying tax set-off available following capital dividends or distributions

Updated to reflect change in tax rate.

The charge to Capital Gains Tax

Updated to reflect change in tax rate.

The charge on the settlor - TCGA92/S86

Updated to reflect change in tax rate

Trusts: outline of CGT for trusts

Updated to reflect change in tax rate.

Death and Personal Representatives: Personal representatives and their liabilities: Personal representatives: rates of charge

Updating to take account of change in tax rate

Remittance basis: consequences

Edited to account for change in tax rate. Referring user to CG10245 which covers rates of tax.

28 February 2024 published amendments

Land: exchange of joint interests

Extra guidance and examples on equalisation payments and where parties are connected have been added; guidance on Milk Quotas has been archived.

23 February 2024 published amendments

20 February 2024 published amendments

30 January 2024 published amendments

Reliefs: employee-ownership trusts: conditions: the 'limited participation requirement'

link to CG67856 reintroduced and additions to guidance highlighting where the trust does not yet exist exceeding 2/5ths requirement would be an event that is not within the reasonable control of trustees.

23 January 2024 published amendments

UK property rich collective investment vehicles: Exemption election: Making the exemption election

Rob G Smith requested amendment to guidance - Andrew Burns notified too.

consent guidance updated for specific cases

Foreign currency: assets acquired or sold for currency

Update to confirm that HMRC does not provide a reference point for the exchange rate.

17 January 2024 published amendments

NRCG and the exemptions: Disposals from 6 April 2019: Other specific provisions

correct reference to FA19 now made.

Capital Gains Manual: update index

Page archived – Old legacy update page no longer required.

15 January 2024 published amendments

Residential Property gains

Clearer flagging of the different charging provisions and reporting requirements for CGT and Corporation Tax.

NRCG and the exemptions: Disposals from 6 April 2019: Introduction

Paragraph mentioning potential effects of the Corporate Capital Loss Restriction updated.

10 January 2024 published amendments

Valuation of shares and securities

Archiving as content covered on subsequent pages in manual.

Capital Gains Manual: Shares and Securities: Valuation of shares and securities: Introduction: Contents

Archiving as content covered on subsequent pages in manual.

9 January 2024 published amendments

2023

29 November 2023 published amendments

27 November 2023 published amendments

Co.purchases own shares: capital treatment: Employee share schemes

Text amended to make it clear that all conditions in s1033 CTA10 need to be met for capital treatment. A couple of links added to make it clearer how to find out further information on 'irrecoverable' and 'RCAs'.

23 November 2023 published amendments

UK property rich collective investment vehicles: Transparency election: Effect of the transparency election on the CIV

update to reflect process to allocate UTRs to investors

Residential Property gains

Insertion of reference to the timing requirements for filing and payment of CGT on UK residential property disposals.

22 November 2023 published amendments

Capital distributions: introduction

Text amended to make it clearer when a distribution is declared.

Several pages have been merged together.

Capital distributions: definitions

Page archived as merged with CG57800.

2 November 2023 published amendments

Valuation Office Agency procedures

guidance updated and redaction applied

guidance updated and redacted

2 August 2023 published amendments

14 July 2023 published amendments

Oil exploration and exploitation: Large Business Oil & Gas Sector

Updating details of team to be referred to.

15 June 2023 published amendments

9 June 2023 published amendments

Investors’ Relief: Meaning of receiving value

Table reformatted

Minor reformatting

17 May 2023 published amendments

Intellectual Property Rights: copyright

Minor formatting update for accessibility

15 May 2023 published amendments

11 April 2023 published amendments

Rebasing to 31/3/82: examples

Tables reformatted

4 April 2023 published amendments

29 March 2023 published amendments

Intellectual Property Rights: copyright

guidance updated

Expenditure: enhancement expenditure

Guidance updated

Deferred consideration: ascertainable: claims that consideration is irrecoverable

An example of when the claim time limit runs from added to the page following feedback

Contingent liabilities: the effect of TCGA92 S49

Updated the page and added an example of how the time limit applies following feedback

28 March 2023 published amendments

Expenditure: enhancement expenditure

guidance updated

Further explanation of scope of final part of S38(1)(b) TCGA.

27 March 2023 published amendments

Expenditure: enhancement expenditure

Clarification of the scope of the final part of S38(1)(b) TCGA 1998.

formatted page

page reformatted

23 March 2023 published amendments

16 February 2023 published amendments

Contingent liabilities: the effect of TCGA92 S49

Clarify the date from which S43 TMA 1970 applies to the claim

13 February 2023 published amendments

3 February 2023 published amendments

Share identification rules for capital gains tax from 6.4.2008: treatment of relevant securities

More comprehensive guidance on share identification for "relevant securities" for CGT purposes added in response to customer feedback.

2 February 2023 published amendments

25 January 2023 published amendments

20 January 2023 published amendments

16 January 2023 published amendments

2022

23 November 2022 published amendments

17 November 2022 published amendments

16 November 2022 published amendments

Share exchange: anti-avoidance: clearance procedure

redacted information

formatting updated

31 October 2022 published amendments

Location of assets: types of asset (2): shares and securities etc

Updated to note the effective extinction of bearer securities of UK companies.

27 October 2022 published amendments

18 October 2022 published amendments

10 October 2022 published amendments

Business Asset Disposal Relief: qualifying disposals by trustees

Updated to reflect recent Court of Appeal decision.

7 October 2022 published amendments

NRCG and the exemptions: Disposals from 6 April 2019: Interactions with exit charges: Deemed disposals on exiting the UK

Explanation of the operation of S187B TCGA corrected - it provides for deferral of the gain UNLESS an election is made. Out thanks to the adviser who spotted the error.

19 August 2022 published amendments

8 August 2022 published amendments

2 August 2022 published amendments

22 June 2022 published amendments

10 May 2022 published amendments

4 May 2022 published amendments

17 March 2022 published amendments

10 March 2022 published amendments

11 February 2022 published amendments

Capital Gains Manual - recent changes

Page archived – Old legacy update page no longer required.

Recent changes

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Recent changes

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Recent changes

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Capital Gains Manual - recent changes

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recent changes

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Recent changes

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Capital Gains Manual - recent changes

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Capital Gains Manual: update index

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10 February 2022 published amendments

Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Recent changes

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Capital Gains Manual - recent changes

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Capital Gains Manual - Recent changes

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Capital Gains: recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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Recent changes

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Capital Gains Manual: recent changes

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Manual: recent changes

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Recent changes

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Capital Gains Manual: recent changes

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Capital Gains Manual: recent changes

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25 January 2022 published amendments

Gifts: Inheritance Tax: Relief for Inheritance Tax paid: liaison with Specialist PT - IHT

Page deleted

Gifts: Inheritance Tax: Finance Act 2004 changes: gifts to settlor-interested settlements and settlements that become settlor-interested: outline

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee is settlor-interested settlement immediately after disposal

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: relevant individual has interest in settlement immediately after disposal: intermediate gifts

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee becomes settlor-interested settlement before hold-over relief is obtained

Page deleted

Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

Page deleted

Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions relating to property

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "relevant disposal", "clawback period", "material time"

Page deleted

Gifts: Inheritance Tax: claw back of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

Page deleted

Gifts: Inheritance Tax: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

Page deleted

Gifts: Inheritance Tax: gifts to settlor-interested settlements: exceptions to general rule

Page deleted

Gifts: Inheritance Tax: gifts to certain settlements: information power

Page deleted

Gifts: Inheritance Tax: allowing hold-over relief

Page deleted

Capital Gains Manual: Reliefs: Gifts and Capital Gains Tax: Relief for Gifts Subject to Inheritance Tax

pages deleted

19 January 2022 published amendments

Gifts: gifts of business assets: introduction

Page deleted.

Gifts: gifts of business assets: when relief available

Page deleted.

Gifts: gifts of business assets: when relief not available

Page deleted.

Gifts: gifts of business assets: how to obtain relief

Page deleted.

Gifts: gifts of business assets: form of claim

Page deleted.

Gifts: gifts of business assets: late claims

Page deleted.

Gifts: gifts of business assets: late claims

Page deleted.

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee is settlor-interested settlement immediately after disposal

Page deleted.

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement immediately after disposal

Page deleted.

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement before hold-over relief is obtained

Page deleted.

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

Page deleted.

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

Page deleted.

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions relating to property

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "relevant disposal", "clawback period", "material time"

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: exceptions to general rule

Page deleted.

Gifts: Finance Act 2004 changes: gifts to certain settlements: information power

Page deleted.

Page deleted

Gifts: business assets: qualifying for relief

Page deleted

Gifts: business assets: definitions

Page deleted

Gifts: business assets: assets used in trade: trustees

Page deleted

18 January 2022 published amendments

13 January 2022 published amendments

11 January 2022 published amendments

10 January 2022 published amendments

7 January 2022 published amendments

2021

22 December 2021 published amendments

Appendix 17 - Draft guidance on the Corporate Capital Loss Restriction

Adding additional detail on commencement provisions for companies writing BLAGAB.

21 December 2021 published amendments

Private residence relief: dependent relative: introduction

guidance updated

Private residence relief: dependent relative: amount of relief

guidance updated

Private residence relief: dependent relative: introduction

Guidance updated

Private residence relief: dependent relative: who is a relative?

guidance updated

Private residence relief: dependent relative: incapacitated by old age

guidance updated

Private residence relief: dependent relative: incapacitated by infirmity

guidance updated

Private residence relief: dependent relative: mother or spouse's mother

guidance updated

Private residence relief: dependent relative: husband and wife and civil partners

Guidance updated

Private residence relief: dependent relative: rent free

guidance updated

Private residence relief: dependent relative: rent free: payments made

guidance updated

Private residence relief: dependent relative: rent free: transfer from

guidance updated

Private residence relief: dependent relative: rent free: interest in

guidance updated

Private residence relief: dependent relative: sole residence

Guidance updated

Private residence relief: dependent relative: at 5 April 1988: conditions

guidance updated

Private residence relief: dependent relative: at 5/4/88: transitional

guidance updated

Page archived

Private residence relief: dependent relative: at 5/4/88: sole residence

page archived

Private residence relief: dependent relative: at 5/4/88: qualifying

page archived

Private residence relief: dependent relative: rent free: financial help

page archived

Private residence relief: dependent relative: rent free: asset splitting

page archived

Private residence relief: dependent relative: rent free: xfer from

page archived

Private residence relief: dependent relative: rent free: payments made

page archived

Private residence relief: dependent relative: rent free: payments made

page archived

Private residence relief: dependent relative: introduction

page archived

Capital Gains Manual: Reliefs: Private residence relief: Residence provided for a dependent relative: Contents

pages removed

16 December 2021 published amendments

15 December 2021 published amendments

15 November 2021 published amendments

21 October 2021 published amendments

Futures: income or CG: CG treatment

formatting and links updated

13 October 2021 published amendments

Capital distributions: rights issue: computation

formatting issues for .gov rectified

Persons chargeable: beneficial owner

hyperlinks updated

8 October 2021 published amendments

Dwellings subject to ATED: interaction with TCGA92/S161 (assets appropriated to trading stock)

Reference to loss removed from final bullet. Detail within linked material at CG69200.

7 October 2021 published amendments

22 September 2021 published amendments

20 September 2021 published amendments

15 September 2021 published amendments

Relief for Gifts of Business Assets: The Donee

Update to reflect amendment to section 167 by FA 2021

10 September 2021 published amendments

27 August 2021 published amendments

Debts which are not debts on a security: introduction

page reviewed

Debts which are not debts on a security: original creditor

page reviewed

Debts which are not debts on a security: original creditor: losses

page reviewed

Debts not debts on a security: foreign currency bank accounts

page reviewed

Debts not debts on a security: subsequent creditor

page reviewed

Debts not debts on a security: subsequent creditor: losses

page reviewed

Debts not debts on a security: subsequent creditor: companies

page reviewed

grammar updated

Debts not debts on a security: settled property when created

page reviewed

Securities: debts: general points: situation of the debt

page reviewed

Securities: debts: general points: satisfied by acquisition of property

page reviewed

Debts: satisfied by acquisition of property: disposal by debtor

page reviewed

Debts: debt satisfied by acquisition of property: disposal by creditor

page reviewed

Debts: satisfied by acquisition of property: acquisition by creditor

page reviewed

Debts: satisfied by acquisition of property: Section 251(3) adjustment

page reviewed

Debts: satisfied by acquisition of property: example

page archived

page archived

Debts: satisfied by issuing shares or securities

page reviewed

Debts: satisfied by issuing shares or securities: share reorganisations

page reviewed

Debts: satisfied by issuing shares or securities: conversion of securities

page reviewed

Debts: satisfied by issuing shares or securities: share exchanges

page reviewed

Securities: debts: company purchase of own debentures

page reviewed

Securities: debts: substitution of debtor

page reviewed

Qualifying corporate bonds: general background

page reviewed

Qualifying corporate bonds: statutory history

page reviewed

Qualifying corporate bonds: general definition

page reviewed

Qualifying corporate bonds: exemption

page reviewed

Qualifying corporate bonds: definition - securities that can qualify

page reviewed

Qualifying corporate bonds: definition - normal commercial loan

page reviewed

Qualifying corporate bonds: definition - expressed and redeemable in sterling

page reviewed

Qualifying corporate bonds: definition - expressed and redeemable in sterling: examples

page reviewed

23 August 2021 published amendments

12 August 2021 published amendments

Capital Gains Manual: Shares and Securities: Securities: debts: contents

page reviewed

Securities: debts: what is a debt?

page reviewed

Securities: debts: what is a debt: secured debts

republished

Securities: debts: what is a debt: documentation

page reviewed

Securities: debts: introduction: what is a debt?

guidance updated

Securities: debts: capital gains treatment of debts

Page reviewed

Securities: debts: CG treatment of debts: - gilt-edged securities

page reviewed

Securities: debts: CG treatment of debts: security: QCBs

page reviewed

republished

Securities: debts: CG treatment of debts: - other debts

page reviewed

Securities: debts: layout of instructions

hyperlinked and republished

Securities: debts: definition of debt on a security

guidance updated

Securities: debts: definition of debt on a security

page archived

grammar error updated

Debt on a security: Tax Case guidance

page reviewed

Debt on a security: W T Ramsay Ltd v CIR

page reviewed

Debt on a security: House of Lords decision: marketability

page republished

Debt on a security: essential characteristics of

Page reviewed

Debt on a security: essential characteristics of: held as an investment

page reviewed

Debt on a security: essential characteristics of: sold at a profit

page reviewed

Debt on a security: essential characteristics of: structure of permanence

page reviewed

republished

Debt on security: essential characteristics of: repayment at short notice

page reviewed

Debt on security: essential characteristics of: events of default

page reviewed

Debt on security: when conditions satisfied

page reviewed

Debt on security: when conditions satisfied: changes in terms

page reviewed

Debt on security: exchange gains

page reviewed

Debt on security: documentation

Page reviewed

Debt on security: loan stock or similar security

page reviewed

Debt on security: loan accounts

page reviewed

Debt on security: other debts deemed to be securities

page reviewed

Other debts deemed to be securities: debts acquired on share exchanges

page reviewed

Other debts deemed to be securities: debts acquired on share exchanges

page reviewed

Other debts deemed to be securities: loan relationships of companies

page reviewed

Other debts deemed to be securities: loan relationships of companies

page reviewed

Other debts deemed to be securities: excluded indexed securities

page reviewed

Debt on security: debts on a security: general

page reviewed

Debts which are debts on a security: losses: disposals: connected persons

page reviewed

10 August 2021 published amendments

9 August 2021 published amendments

Insurance: introduction

Guidance updated

Insurance: capital redemption policies

Grammar updated

Insurance: insurance companies

Guidance updated

Insurance: risks of damage/loss/depreciation of assets

Guidance updated

Insurance: risks of damage/loss/depreciation of assets

spacing errors corrected

Insurance: Chargeable Events legislation

Page reviewed

Insurance: Chargeable Events legislation

Page reviewed

Insurance: capital redemption policies

page reviewed

Insurance: insurance agencies

page reviewed

Life insurance policies/deferred annuities: TCGA92/S210: introduction

page reviewed

Life insurance policies/deferred annuities: when are the rights conferred 'chargeable assets'

page reviewed

Life insurance policies/deferred annuities: how are gains exempted

page reviewed

Life insurance policies/deferred annuities: meaning of 'interest' in rights

page reviewed

Life insurance policies/deferred annuities: disposals of policies and contracts

page reviewed

Life insurance policies/deferred annuities: exemption for second hand policies: disposals from 9 April 2003: exclusions from the exemption

page reviewed

Life insurance policies/deferred annuities: exemption for second hand policies: disposals from 9 April 2003: exclusions from the exemption: actual consideration

page reviewed

Life insurance policies/deferred annuities: exemption for second hand policies: disposals from 9 April 2003: exclusions from the exemption: example of interests derived directly and indirectly

page reviewed

Life insurance policies/deferred annuities: exemption for second hand policies: disposals before 9 April 2003

page reviewed

Life insurance policies/deferred annuities: computation of gains

page reviewed

Life insurance policies/deferred annuities: computation of gain: disposals from 9 April 2003 interaction with Income Tax

page reviewed

Life insurance policies/deferred annuities: computation of gain: disposals from 9 April 2003: interaction with Income Tax: example

page reviewed

Life insurance policies/deferred annuities: compensation for mis-sold life insurance policies

page reviewed

Payments made under life insurance policies linked to unit trusts

page reviewed

Insurance agents: general

page reviewed

Procedure agreed with representatives of insurance agents

page reviewed

Insurance agents: computations under agreed procedure

page reviewed

Insurance agents: date of disposal

page reviewed

Insurance agents: example

page reviewed

Insurance agents: indexation allowance and rebasing

page reviewed

Insurance agents: `Book' held on 31/3/82: rebasing election

page reviewed

Insurance agent: `Book' held 31/3/82: no rebasing election

page reviewed

Insurance agents: valuations

page reviewed

26 July 2021 published amendments

Land: tenants in common

removing reference to CG70504 as that page is being archived

23 July 2021 published amendments

Private residence relief: dependent relative: introduction

Page reviewed

hyperlinked

Private residence relief: dependent relative: amount of relief

Page reviewed

Private residence relief: dependent relative: introduction

page reviewed

Private residence relief: dependent relative: introduction

Page reviewed

Private residence relief: dependent relative: who is a relative?

page reviewed

Private residence relief: dependent relative: incapacitated by old age

page reviewed

Private residence relief: dependent relative: incapacitated by infirmity

Page reviewed

Private residence relief: dependent relative: mother or spouse's mother

Page reviewed

Private residence relief: dependent relative: husband and wife and civil partners

Page reviewed

Private residence relief: dependent relative: rent free

Page reviewed

Private residence relief: dependent relative: rent free: payments made

page reviewed

Private residence relief: dependent relative: rent free: payments made

page reviewed

Private residence relief: dependent relative: rent free: payments made

page reviewed

Private residence relief: dependent relative: rent free: transfer from

page reviewed

Private residence relief: dependent relative: rent free: xfer from

page reviewed

Private residence relief: dependent relative: rent free: interest in

page reviewed

Private residence relief: dependent relative: rent free: asset splitting

page reviewed

Private residence relief: dependent relative: rent free: financial help

page reviewed

Private residence relief: dependent relative: sole residence

page reviewed

Private residence relief: dependent relative: at 5 April 1988: conditions

page reviewed

Private residence relief: dependent relative: at 5/4/88: qualifying

page reviewed

Private residence relief: dependent relative: at 5/4/88: sole residence

page reviewed

Private residence relief: dependent relative: at 5/4/88: transitional

page reviewed

15 July 2021 published amendments

Definitions: depositary receipts

"depository" changed to "depositary" where more appropriate and to assist in searching.

13 July 2021 published amendments

Private residence relief: change in use

typo updated

Private residence relief: realising gain: conversion into flats

Guidance update

Private residence relief: separation, divorce or dissolution of civil partnership: jurisdiction of the courts

Guidance update

Private residence relief: purpose of realising gain: introduction

Page reviewed

Private residence relief: purpose of realising gain

Page reviewed

Private residence relief: purpose of realising gain: trade

Page reviewed

Private residence relief: purpose of realising gain: S517M ITA07

Page reviewed

Private residence relief: purpose of realising gain: trading

Page reviewed

Private residence relief: purpose of realising gain: application

Page reviewed

Private residence relief: purpose of realising gain: expenditure

Page reviewed

Private residence relief: realising gain: restriction

page reviewed

Private residence relief: realising gain: superior interest

page reviewed

Private residence relief: realising gain: acquisition of freehold

Page reviewed

Private residence relief: realising gain: conversion into flats - example 1

page reviewed

Private residence relief: realising gain: conversion into flats - example 2

page reviewed

Private residence relief: settled property: introduction

page reviewed

Private residence relief: settled property: what is settled property?

Page reviewed

Private residence relief: settled property: express trusts

Page reviewed

Private residence relief: settled property: entitlement to occupy under the terms of an express trust

Page reviewed

Private residence relief: settled property: express trusts for minor children

Page reviewed

Private residence relief: settled property: implied trusts

page reviewed

Private residence relief: settled property: common intention constructive trusts: is there an express trust?

page reviewed

Private residence relief: settled property: common intention constructive trusts: presumption that beneficial ownership follows legal ownership

Page reviewed

Private residence relief: settled property: common intention constructive trusts: basic conditions

page reviewed

Private residence relief: settled property: common intention constructive trusts: establishing common intention

page reviewed

Private residence relief: settled property: common intention constructive trusts: common intention must normally exist at the time the property was acquired

page reviewed

Private residence relief: settled property: common intention constructive trusts: look for evidence of an agreement before considering conduct

page reviewed

Private residence relief: settled property: common intention constructive trusts: common intention - practical issues

page reviewed

Private residence relief: settled property: common intention constructive trusts: detriment

page reviewed

Private residence relief: settled property: common intention constructive trusts: nature of interest

page reviewed

Constructive trusts: other types of constructive trust

page reviewed

Constructive trusts: relationship with proprietary estoppel

page reviewed

Private residence relief: rules for disposals made on or after 10 December 2003: trustees

page reviewed

Restriction of private residence relief: trustees: claim for gift hold-over relief made on or before claim for private residence relief

Page reviewed

Restriction of private residence relief: trustees: claim for gift hold-over relief made after claim for private residence relief

Page reviewed

Restriction of private residence relief: trustees: claim for gift hold-over relief is revoked

Page reviewed

Restriction of private residence relief: trustees: transitional rules: FA2004 Sch22 Para 8

Page reviewed

Private residence relief: settled property: disposals on or after 10 December 2003: property affected by claim for gift hold-over relief: example

Page reviewed

Private residence relief: settled property: disposals on or after 10 December 2003: transitional provisions: example

Page reviewed

Private residence relief: settled property: disposals on or after 10 December 2003: settlements for the maintenance of historic buildings - exception to the general rules

Page reviewed

Private residence relief: settled property: notice by trustees

Page reviewed

Private residence relief: settled property: religious communities

Page reviewed

Private residence relief: personal representatives

Page reviewed

5 July 2021 published amendments

Administration: introduction: losses

Page Arcjhived

hyperlinked

page archived

Losses: quantification of loss accruing in SA years

de archived to hyperlink

hyperlinked

page archived

7 June 2021 published amendments

Substantial shareholdings exemption: introduction - the exemptions available

hyperlinks updated

Substantial shareholdings exemption: introduction - interaction with other legislation

hyperlinks updated

Substantial shareholdings exemption: the exemptions available - the main exemption for shares and interests in shares

hyperlinks updated

Substantial shareholdings exemption: the exemptions available - the subsidiary exemption for assets related to shares

hyperlinks updated

Substantial shareholdings exemption: the exemptions available - the subsidiary exemption where the conditions for the main exemption were previously met

hyperlinks updated

Substantial shareholdings exemption: the exemptions available – Qualifying Institutional Investors

hyperlink updated

Substantial shareholdings exemption: the exemptions available - application of exemption in priority to no disposal rules

hyperlinks updated

Substantial Shareholdings exemption and Share Reorganisations

hyperlink updated

Substantial shareholdings exemption: anti-avoidance rule - identification and handling of cases

hyperlinks updated

Substantial shareholdings exemption: the exemptions available - other cases excluded from exemption

hyperlinks updated

Substantial shareholdings exemption: interaction with other legislation - negligible value claims

page reviewed

Substantial shareholdings exemption: interaction with other legislation - reorganisation involving held over gain - section 116(10) TCGA 1992

hyperlinked

Substantial shareholdings exemption: interaction with other legislation - recovery of postponed charge - section 140(4) TCGA 1992

page reviewed

Substantial shareholdings exemption: interaction with other legislation - appropriation of asset to trading stock

page reviewed

Substantial shareholdings exemption: interaction with other legislation - recovery of held-over gain - section 165 TCGA 1992

page reviewed

Substantial shareholdings exemption: interaction with other legislation - degrouping - time of deemed disposal and reacquisition

hyperlinked

Substantial shareholdings exemption: interaction with other legislation - effect of FOREX matching election

page reviewed

Share valuation: 1982 holding of unquoted shares general rules

guidance updated

Share valuation: 1982 holding of unquoted shares: part disposals

page reviewed

Share valuation: 1982 holding of unquoted shares: shares held on 06/04/65

page reviewed

Share valuation: 1982 holding of unquoted shares: shares reorganisations

hyperlinked

Share valuation: 1982 holding of unquoted shares: no gain/loss transfers

page reviewed

Retirement relief

hyperlinked

3 June 2021 published amendments

Substantial shareholdings exemption: introduction - brief summary of basic structure and meaning of general terms used

hyperlink updated

Substantial shareholdings exemption: interpretation - company, group, subgroup, holding company and 51% subsidiary

hyperlinks updated

Substantial shareholdings exemption: interpretation - trade

guidance updated

Substantial shareholdings exemption: interpretation - twelve month period

guidance updated

Substantial shareholdings exemption: interpretation - interest in shares

guidance updated

Substantial shareholdings exemption: interpretation - asset related to shares

page reviewed

Substantial Shareholdings Exemption: Qualifying Institutional Investors

page reviewed

Substantial shareholdings exemption: introduction - the legislation

Guidance updated

Substantial shareholdings exemption: introduction - the commencement provisions

guidance updated

Substantial shareholdings exemption: introduction - the substantial shareholding requirement

hyperlinks updated

Substantial shareholdings exemption: the substantial shareholding requirement - the minimum size of the shareholding

guidance updated

Substantial shareholdings exemption: the substantial shareholding requirement – additional definition of substantial shareholding where investee co owned by Qualifying Institutional Investors.

guidance updated

Substantial shareholdings exemption: the substantial shareholding requirement - aggregation of shares held by group companies

hyperlinks updated

hyperlink updated

Substantial shareholdings exemption: the substantial shareholding requirement - effect of liquidation

hyperlink updated

Substantial shareholdings exemption: the substantial shareholding requirement - the period over which a substantial shareholding must be held

page reviewed

Substantial shareholdings exemption: the substantial shareholding requirement - aggregation of periods when shares held

hyperlinks updated

Substantial shareholdings exemption: the substantial shareholding requirement - aggregation of periods when shares held

hyperlinked

Substantial shareholdings exemption: the substantial shareholding requirement - aggregation of periods when shares held

page reviewed

Substantial shareholdings exemption: the substantial shareholding requirement - aggregation of periods when trade assets held

Page reviewed

Substantial shareholdings exemption: the trading company/group/subgroup requirements - when are non-trading activities substantial - shares and other assets held otherwise than as investments

page reviewed

Substantial shareholdings exemption: the trading company/group/subgroup requirements - when are non-trading activities substantial - investments in Corporate Venturing Schemes (CVS)

page reviewed

Substantial shareholdings exemption: the trading company/group/subgroup requirements - surplus trading property

page reviewed

Substantial shareholdings exemption: the trading company/group/subgroup requirements - dealing with requests for opinions on the trading status of companies, groups and subgroups

page reviewed

27 May 2021 published amendments

Shares and Securities: Definitions and share issues: Stock Exchanges: Quoted/unquoted and listed/unlisted: Definitions: quoted and unquoted shares and securities: valuations

guidance update

Capital gains groups: introduction

hyperlinks updated

Capital gains groups: historical overview

hyperlinks updated

hyperlinks added

Capital Gains Manual: Companies and Groups of Companies: Groups of companies: Gain buying rules, abolished in Finance Act 2006: Contents

hyperlinked

Capital gains group definition: meaning of “company”

hyperlinks updated

Capital gains group definition: what is a group?

republished

page formatted and hyperlinked

Capital gains group definition: group continuity following takeover

hyperlinked

Capital gains group definition: winding-up and administration

hyperlinked

Capital Gains Manual: Shares and Securities: Definitions and share issues: Definitions: Contents

pages reviewed

Definitions meaning of a ‘share’

hyperlinked

Definitions: different classes of share

hyperlinked

Definitions: partly paid shares

page reviewed

Definitions: shares held in treasury

hyperlinked

Definitions: meaning of ‘security’ and ‘securities’

hyperlinked

Definitions: meaning of ‘relevant securities’

hyperlinked

incorrect hyperlinks updated

Definitions: security: summary

hyperlinked

Definitions: meaning of ‘stock’

page reviewed

Definitions: depositary receipts

hyperlinked

Definitions: recognised stock exchanges

hyperlinked

Definitions: recognised stock exchanges: London stock exchange: history: the Alternative Investment Market

page reviewed

Definition: recognised stock exchanges: other markets: Tradepoint, virt-x, SWX Europe, PLUS

page reviewed

Definitions: quoted and listed shares etc.: history

hyperlinked

Definitions: quoted and unquoted shares and securities: Interactive Data (formerly Extel)

hyperlinked

Definitions: quoted and listed shares etc.: FA 1996 changes

hyperlinked

Capital Gains Manual: Shares and Securities: Definitions and share issues: Stock Exchanges: Quoted/unquoted and listed/unlisted: Contents

page reviewed

Shares held 6 April 1965: reorganisations of share capital: impact on rebasing to March 1982 values and the ‘kink test’

guidance update

Substantial shareholdings exemption: introduction - background and main table of contents

guidance updated

26 May 2021 published amendments

Private residence relief: example: sale of dwelling-house: land exceeds permitted area

guidance updated

Private residence relief: example: sale of dwelling-house: land exceeds permitted area

guidance updated

Private residence relief: disposal of part of garden or grounds

guidance update

Private residence relief: example: disposal of garden/grounds within permitted area: separate asset

guidance updated

Private residence relief: example: disposal of garden/grounds within permitted area: part-disposal

guidance updated

Private residence relief: example: disposal partly within permitted area: separate asset

guidance updated

Private residence relief: example: disposal partly within permitted area: part-disposal

guidance updated

Capital Gains Manual: Reliefs: Private residence relief: Computation of relief: contents

page reviewed

Private residence relief: separation, divorce or dissolution of civil partnership: introduction

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: legal/equitable interests

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: computation of gains

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: ownership matrimonial or civil partnership home

Page archived, content merged with CG65315.

Private residence relief: separation, divorce or dissolution of civil partnership: jurisdiction of the courts

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: action available to Courts

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: effect of court action

Guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: transfer between spouses or between civil partners

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: transfer following divorce or following the dissolution of a civil partnership

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: spouse or civil partner transferring interest

guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: Mesher Orders

Guidance updated

Private residence relief: separation, divorce or dissolution of civil partnership: example: transfer of interest

Page archived, content merged with CG65356.

Private residence relief: example: Mesher Order

Page archived, content merged with CG65365.

Private residence relief: example: spouse or civil partner entitled to share of proceeds

Page archived, content merged with CG65334.

Capital Gains Manual: Reliefs: Private residence relief: Division of residence on separation or divorce or on dissolution of civil partnership: contents

page reviewed

25 May 2021 published amendments

Private residence relief: computation of relief: introduction

guidance updated

Private residence relief: final period exemption

guidance updated

Private residence relief: final period exemption: disposals by disabled persons etc. from 6 April 2014

guidance updated

Private residence relief: final period exemption: cannot exceed gain

guidance updated

Private residence relief: delay in taking up residence: Disposals on or after 6 April 2020

guidance updated

Private residence relief: delay in taking up residence: Disposals before 6 April 2020 (ESC D49)

anchors fixed

Private residence relief: ESC D49: good reasons for exceptional delay in taking up residence (for disposals prior to 6 April 2020 only)

guidance updated

Private residence relief: relief for two dwelling houses for same period

guidance updated

Private residence relief: periods of absence: introduction

guidance udpated

Private residence relief: periods of absence

Guidance updated

Private residence relief: periods of absence: conditions

guidance updated

Private residence relief: periods of absence: other residences owned during the absence

guidance updated

Private residence relief: residence before/after period of absence

guidance updated

Private residence relief: example: several periods of absence for different reasons

guidance updated

Private residence relief: example: period of absence exceeds the specified limit

guidance updated

Private residence relief: periods of absence: example: individual prevented from returning to residence

Guidance updated

Private residence relief: periods of absence: example: where absence by one spouse or civil partner is treated as absence of the other

Guidance updated

Capital Gains Manual: Reliefs: Private residence relief: Computation of relief: periods away from property: specific points for NRCGT

guidance updated

Private residence relief: losses

guidance updated

Private residence relief: furnished holiday lettings: rolled-over gain

guidance updated

Private residence relief: partly exempt land: introduction

guidance updated

Private residence relief: example: full relief despite business use

guidance updated

Private residence relief: example: partial relief despite residential use

guidance updated

Private residence relief: partial business use of dwelling-house

guidance updated

24 May 2021 published amendments

Private residence relief: end of period of ownership

Page archived, content now at CG64923.

Capital Gains Manual: Reliefs: Private residence relief: Period of ownership: Contents

page restructured

Deferred consideration: shares and securities: introduction

Page reviewed

Deferred consideration: shares and securities: TCGA92/S138A: conditions and effect

Page reviewed

Deferred consideration: shares and securities: earn-out rights

Page reviewed

Deferred consideration: shares and securities: ascertainable/unascertainable

Page reviewed

Deferred consideration: shares and securities: TCGA92/S138A elections

Page reviewed

Deferred consideration: shares and securities: variation of sale agreement

Page reviewed

Deferred consideration: shares/securities: rights partially qualify

Page reviewed

Deferred consideration: shares and securities: right to receive QCBs

Page reviewed

Deferred consideration: shares and securities: later payments cash only

Page reviewed

Deferred consideration: shares and securities: no deferred consideration

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: TCGA92/S138A does not apply: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Deferred consideration: shares and securities: example

Page reviewed

Capital Gains Manual: Shares and Securities: Particular types of transaction: Deferred consideration: shares and securities: contents

Page reviewed

21 May 2021 published amendments

Private residence relief: permitted area: introduction

guidance updated

Private residence relief: permitted area: procedures

Guidance updated

Private residence relief: permitted area: identifying risks

guidance updated

Private residence relief: permitted area: area automatically relieved

guidance updated

Private residence relief: permitted area: larger area of garden and grounds

guidance updated

Private residence relief: permitted area: case law

Guidance updated

Private residence relief: permitted area: preliminary decisions

guidance updated

Private residence relief: permitted area: location of the permitted area

guidance updated

Private residence relief: permitted area: more than one disposal

guidance updated

Private residence relief: permitted area: land not required for the reasonable enjoyment of the dwelling-house as a residence

guidance updated

Private residence relief: permitted area: contemplative religious communities

guidance updated

Private residence relief: permitted area: Valuation Office Agency (VOA)

guidance updated

Private residence relief: permitted area: form of report to Valuation Office Agency (VOA)

Page archived, content merged with CG64860.

Private residence relief: permitted area: action taken by the Valuation Office Agency (VOA)

guidance updated

Private residence relief: permitted area: Report from Valuation Office Agency (VOA)

guidance updated

Private residence relief: permitted area: no agreement

guidance updated

Private residence relief: permitted area: no agreement: report to Capital Gains Technical Group

guidance updated

Private residence relief: permitted area: no agreement: assistance from Capital Gains Technical Group

Page archived, content merged with CG64878.

Private residence relief: permitted area: no agreement: Tribunal hearing

guidance updated

Private residence relief: permitted area: Tribunal hearing: evidence

Page archived, content merged with CG64882.

Private residence relief: permitted area: jurisdiction for valuations

guidance updated

Private residence relief: permitted area: jurisdiction for apportionments

guidance update

Capital Gains Manual: Reliefs: Private residence relief: The permitted area of garden or grounds: Contents

page reviewed & updated

Capital Gains Manual: Reliefs: Private residence relief: ownership period: introduction

Guidance updated

Private residence relief: ownership period: spouses or civil partners and legatees

guidance update

Private residence relief: ownership period: qualifying for relief

guidance updated

Private residence relief: disposals on or after 10 December 2003

guidance updated

Private residence relief: ownership period: relief denied by rules in FA 2004: example

guidance updated

Private residence relief: ownership period: relief restricted by rules in FA 2004: example

guidance updated

Private residence relief: ownership period: amount of relief

guidance updated

Private residence relief: ownership period: final period exemption

guidance updated

Private residence relief: ownership period: relief restricted by rules in FA 2004: example

Guidance updated

Private residence relief: ownership period beginning at 31/3/82: example

Page archived, content merged with CG64940.

Private residence relief: period of ownership: transfer between spouses or between civil partners

Page archived, content merged with CG64925.

Private residence relief: extended ownership period: transfer between spouses or between civil partners

Page archived, content merged with CG64925.

Private residence relief: extended ownership period: transfer between spouses or between civil partners: example

Page archived, content merged with CG64925.

Private residence relief: exchanges of interests

Guidance updated

Private residence relief: exchanges of interests: introduction

Page archived, content merged with CG65155.

Private residence relief: exchanges of interests: disposals on or after 6 April 2010: definition of terms

Page archived, content merged with CG65155.

Private residence relief: exchanges of interests: disposals on or after 6 April 2010: roll-over relief

Page archived, content merged with CG65155.

Private residence relief: exchange of jointly owned dwelling house: disposals prior to 6 April 2010: ESC/D26

Page archived

Private residence relief: exchange of jointly owned dwelling house: disposals prior to 6 April 2010: ESC/D26: example

Page archived

Capital Gains Manual: Reliefs: Private residence relief: Exchanges of interests in a residence: Contents

page reviewed & restructured

20 May 2021 published amendments

Private residence relief: gains: introduction

Guidance updated

Private residence relief: gains: deemed disposals

guidance updated

Private residence relief: gains: options

guidance updated

Private residence relief: gains which do not attract relief

Guidance updated

Private residence relief: gains: relocations of employee

guidance updated

Substantial shareholdings exemption: the trading company/group/subgroup requirements - the investing company

change

Private residence relief: non-residential use and letting: introduction

Guidance update

Private residence relief: non residential use: part of house used for business

page reviewed

Private residence relief: non residential use: part of house used exclusively for business

Guidance updated

Private residence relief: non residential use: part of house used for business: apportionment

Page archived, content merged with CG64663.

Private residence relief: non residential use: example: part of house used for business: apportionment

Page archived, content merged with CG64663.

Private residence relief: non residential use: part of house used for business: farmhouse

guidance updated

Private residence relief: non residential use: part of house used for owner’s office/employment

guidance updated

Private residence relief: gains: private residence of adult placement carers

guidance updated

Private residence relief: letting: introduction

guidance updated

Private residence relief: letting: lodger

guidance updated

Private residence relief: letting: relief for letting of residential accommodation

guidance updated

Private residence relief: letting: meaning of let as residential accommodation

Guidance updated

Private residence relief: letting: spouses, civil partners, trustees and dependent relatives

Guidance updated

Private residence relief: letting: building not a dwelling-house

guidance updated

Private residence relief: letting: gain arising by reason of letting

Guidance updated

Private residence relief: letting: application to letting trades

guidance updated

Private residence relief: letting: complete relief on part let

guidance updated

Private residence relief: letting: restricted relief on part let

guidance updated

Private residence relief: letting: whole residence let for period (for disposals prior to 6 April 2020 only)

Guidance update

anchors created

Private residence relief: letting: jointly owned residence

Guidance updated

Private residence relief: letting: residence partly used for trade

Guidance updated

Private residence relief: part of dwelling-house unused

guidance update

Private residence relief: change in use

Guidance updated

Private residence relief: change in use: method of adjustment

Page archived, content merged with CG64760.

Private residence relief: change in use: no adjustments

Page archived, content merged with CG64760.

Private residence relief: change in use: incorrect application of TCGA92 S224(2)

Page archived, content merged with CG64760.

Capital Gains Manual: Reliefs: Private residence relief: Non-residential use and letting: Contents

Page updated

19 May 2021 published amendments

Private residence relief: introduction: scheme of relief

Guidance update

Private residence relief: availability of relief

Guidance updated

Private residence relief: dependent relatives

page reviewed

Private residence relief: tax returns

Page reviewed

Private residence relief: what to look for

page reviewed

Private residence relief: outline of guidance

page reviewed

Capital Gains Manual: Reliefs: Private residence relief: Introduction: contents

page reviewed

Private residence relief: identification of the dwelling-house: introduction

guidance update

Private residence relief: the importance of identifying the entity of the dwelling house

Guidance update

Private residence relief: the entity of the dwelling-house: decided cases

guidance update

Private residence relief: the entity of the dwelling-house: curtilage

guidance updated

Private residence relief: the entity of the dwelling-house: appurtenance

guidance updated

Private residence relief: the entity of the dwelling-house: other considerations when applying the curtilage test

guidance updated

Private residence relief: the entity of the dwelling-house: advice of Valuation Office Agency

guidance updated

Private residence relief: the entity of the dwelling-house: urban dwelling houses and garages

guidance updated

Private residence relief: the entity of the dwelling house: dwelling-house is the whole building

guidance updated

Private residence relief: the entity of the dwelling house: dwelling-house in part of a building: flats

guidance updated

Private residence relief: the entity of the dwelling-house: dwelling house in part of a building: self contained units

guidance updated

Private residence relief: the entity of the dwelling-house: part of the building let

guidance updated

Private residence relief: the entity of the dwelling-house: building not a dwelling house

guidance updated

Private residence relief: the entity of the dwelling-house: caravans

Guidance updated

Private residence relief: the entity of the dwelling house: boats

Page archived content merged with CG64325.

Capital Gains Manual: Reliefs: Private residence relief: Identification of the dwelling-house: Contents

page reviewed

Private residence relief: garden and grounds: introduction

guidance update

Private residence relief: garden and grounds: the role of the Valuation Office Agency

guidance updated

Private residence relief: garden and grounds: definitions

guidance updated

Private residence relief: garden and grounds: land physically separated

guidance updated

Private residence relief: garden and grounds: date of sale test: Varty v Lynes

guidance updated

Private residence relief: garden and grounds: Varty v Lynes: not resident at date of disposal

guidance updated

Private residence relief: garden and grounds: land disposed between contract and conveyance

guidance updated

Private residence relief: garden and grounds: ownership

guidance updated

Private residence relief: garden and grounds: ownership: differing interests in dwelling-house and land

guidance updated

Private residence relief: garden and grounds: caravans and boats

guidance updated

Capital Gains Manual: Reliefs: Private residence relief: Identification of garden or grounds: Contents

page reviewed

Private residence relief: only or main residence: introduction: residence

Guidance updated

Private residence relief: only or main residence: meaning of residence

Guidance updated

Private residence relief: only or main residence: meaning of residence: judicial interpretation

Guidance updated

reverted to previous version

page reviewed

Private residence relief: only or main residence: meaning of residence: the meaning in a wider context

guidance updated

Private residence relief: only or main residence: meaning of residence: Goodwin v Curtis

page reviewed

Private residence relief: only or main residence: occupation is a requirement

guidance updated

Private residence relief: only or main residence: an interest in a dwelling-house is a requirement

guidance updated

Private residence relief: only or main residence: deemed residence

page reviewed

Private residence relief: only or main residence: two or more residences: right of nomination

Guidance updated

Private residence relief: only or main residence: two or more residences: time limit for nominating

Guidance updated

Private residence relief: only or main residence: two or more residences: date from which a nomination applies

guidance updated

Private residence relief: only or main residence: two or more residences: late nominations

guidance updated

Private residence relief: only or main residence: two or more residences: variation of a notice

Guidance updated

Private residence relief: only or main residence: two or more residences: form of notice

guidance updated

Private residence relief: only or main residence: two or more residences: nominations on marriage or on registering as civil partners

guidance updated

Private residence relief: only or main residence: two or more residences: treatment of notice

guidance updated

Private residence relief: two or more residences: residences occupied under licence: invalid notices

page reviewed

Private residence relief: two or more residences: no valid notice made

guidance updated

Private residence relief: two or more residences: job-related accommodation

guidance updated

Private residence relief: deemed not a residence: residences in another territory - introduction

Guidance updated

Private residence relief: deemed not a residence: residences in another territory: non-qualifying tax years

guidance updated

Private residence relief: deemed not a residence: residences in another territory: tax years

Guidance updated

Private Residence Relief: deemed not a residence: residences in another territory: day count

Guidance updated

formula updated

Private Residence Relief: deemed not a residence: residences in another territory: interaction with absence reliefs

guidance updated

guidance updated

Private Residence Relief: two or more residences: changes in rules from 6 April 2015: making elections

guidance updated

18 May 2021 published amendments

13 May 2021 published amendments

7 May 2021 published amendments

Gifts: business assets: agricultural property

page unpublished

link updated forwarding archived material to new page

6 May 2021 published amendments

22 April 2021 published amendments

Capital Gains Manual: Companies and Groups of Companies: Effects of residence and migration on companies: General: Contents

page reviewed

Residence and migration: companies: general

Page Reviewed

Residence and migration: companies: meaning of terms

Hyperlink updated

Capital Gains Manual: Companies and Groups of Companies: Effects of residence and migration on companies: Residence and the charge to corporation tax on capital gains: Contents

Page Reviewed

Resident companies: residence and the charge to Corporation Tax on capital gains

Page Reviewed

Residence and migration: non-resident companies with no UK permanent establishment

hyperlinks updated

Foreign permanent establishments of UK companies: chargeable gains

hyperlinks updated

Capital Gains Manual: Companies and Groups of Companies: Effects of residence and migration on companies: Trades carried on in the UK through a permanent establishment by non-resident companies: Contents

page reviewed

Non-resident company with a UK permanent establishment

hyperlinks updated

Non-resident company with a UK permanent establishment: gains on disposals

hyperlink updated

Non-resident company with a UK permanent establishment: computing gains

hyperlinks updated

Non-resident company with a UK permanent establishment: deemed gains

hyperlinks updated

Non-resident company with a UK permanent establishment: deemed gains: computation

hyperlinks updated

Non-resident company with a UK permanent establishment: obtaining advice

page reviewed

Non-resident company with a UK permanent establishment: non-payment by non-resident company

page reviewed

Capital Gains Manual: Companies and Groups of Companies: Effects of residence and migration on companies: Migration of companies: Contents

Page reviewed

Migration of companies: company residence

page reviewed

Migration of companies: company residence: pre- 15/3/88

hyperlink updated

Migration of companies: company residence: 15/3/88-29/11/93

hyperlink updated

Migration of companies: company residence: from 30/11/93

hyperlink updated

Migration of companies: changing a company's residence: pre-15/3/88

hyperlink updated

Migration of companies: changing a company's residence: 15/3/88-29/11/93

hyperlinks updated

Migration of companies: changing a company's residence: 15/3/88-29/11/93

page reviewed

Migration of companies: changing a company's residence: from 30/11/93

hyperlinks updated

Migration of companies: changing a company's residence: from 30/11/93

page reviewed

Migration of companies: residence: settlement of liabilities

hyperlink updated

Migration of companies: residence: company becoming dual resident

page reviewed

Migration of companies: residence: company becoming treaty non-resident

hyperlinks updated

Migration of companies: arrivals in UK: becoming resident in UK

hyperlinks updated

Migration of companies: departures from UK: ceasing to be resident in UK

hyperlinks updated

Migration of companies: exit charges

hyperlinks updated

Migration of companies: restriction of roll-over relief on ceasing UK residence

hyperlinks updated

Migration of companies before January 2020: postponement of exit charges

hyperlinks updated

Migration of companies before January 2020: recovery of charges postponed under TCGA92/S187

hyperlinks update

Migration of companies before 1 January 2020: postponed charges: example

hyperlinks updated

Migration of companies before 1 January 2020: recovery of postponed charges: example

hyperlinks updated

Migration of companies before January 2020: reduction of recovery charge for unused losses

hyperlinks updated

Capital Gains Manual: Companies and Groups of Companies: Targeted rules to prevent income to capital converter schemes by companies: contents

Pages Reviewed

Targeted rules to prevent income to capital converter schemes by companies - general

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - general

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - definition of arrangements

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - definition of tax advantage

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - is a tax advantage a main purpose?

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - tax advantage - choice of commercial options

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - tax advantage - choice of commercial options

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - mandatory submission to Anti-Avoidance Group (Investigations)

page reviewed

Targeted rules to prevent the contrived creation of capital losses by companies - company to which tax advantage arises

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - types of scheme

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - income to capital schemes

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - no double taxation

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - definition of tax advantage

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - income deduction and matching capital gain cases

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - sale and leaseback exclusion

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - arrangements the legislation will not catch

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - notice provisions

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - grounds for the issue of a notice

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - conditions for the issue of a notice

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - issue of notice after enquiry opened

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - details of notice

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - notices - 90 day period

Page reviewed

Targeted rules to prevent income to capital converter schemes by companies - informal clearances

Page reviewed

Companies and Groups of Companies: Targeted rules to prevent income to capital converter schemes by companies: Targeted rules to prevent income to capital converter schemes by companies - Informal clearances - Contacting HMRC

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - terms of informal clearance

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - clearance refused

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - action by company tax office

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - interaction of clearance and disclosure regime

page reviewed

Targeted rules to prevent income to capital converter schemes by companies - format of clearance application

page reviewed

21 April 2021 published amendments

Gifts: Inheritance Tax: disposals qualifying for relief: outline

Page unpublished

Gifts: Inheritance Tax: gifts immediately chargeable to Inheritance Tax

Page unpublished

Gifts: Inheritance Tax: potentially exempt xfers

Page unpublished

Gifts: Inheritance Tax: specific exemptions from Inheritance Tax: outline

Page unpublished

Gifts: Inheritance Tax: accumulation/maintenance trusts

Page unpublished

Gifts: Inheritance Tax: trusts for bereaved minors and age 18 to 25 trusts

Page unpublished

Gifts: Inheritance Tax: other gifts exempt from Inheritance Tax

Page unpublished

Gifts: Inheritance Tax: where to find help and cases of doubt

Page unpublished

Gifts: Inheritance Tax: Relief for Inheritance Tax paid

Page unpublished

Gifts: Inheritance Tax: Relief for Inheritance Tax paid: hold-0ver claims under section 165 TCGA 1992

Page unpublished

Gifts: Inheritance Tax: Relief for Inheritance Tax paid: liaison with Specialist PT - IHT

Page unpublished

Gifts: Inheritance Tax: Finance Act 2004 changes: gifts to settlor-interested settlements and settlements that become settlor-interested: outline

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee is settlor-interested settlement immediately after disposal

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: relevant individual has interest in settlement immediately after disposal: intermediate gifts

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee becomes settlor-interested settlement before hold-over relief is obtained

Page unpublished

Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

Page unpublished

Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions relating to property

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "relevant disposal", "clawback period", "material time"

Page unpublished

Gifts: Inheritance Tax: claw back of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

Page unpublished

Gifts: Inheritance Tax: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

Page unpublished

Gifts: Inheritance Tax: gifts to settlor-interested settlements: exceptions to general rule

Page unpublished

Gifts: Inheritance Tax: gifts to certain settlements: information power

Page unpublished

Gifts: Inheritance Tax: allowing hold-over relief

Page unpublished

Investment clubs

hyperlink updated

Administration: insolvency: distributions: general

hyperlinks updated

Recovery of CT from shareholders: general

hyperlinks updated

Recovery of CT from shareholders: example

grammar updated

Friendly societies: general

hyperlink updated

Friendly societies: general

hyperlinks updated

Registered friendly societies

hyperlinks updated

Unregistered friendly societies

guidance update

Incorporation of previously registered societies

grammar updated

Tonnage Tax: shipping companies subject to tonnage tax

hyperlink updated

Capital contributions to companies: general

hyperlinks updated

Capital contributions to companies: made under terms of share issue

hyperlinks updated

Capital contributions to companies: other contributions not allowable

hyperlink updated

20 April 2021 published amendments

Relief for Gifts of Business Assets: Claims

link to form added

Gifts: gifts of business assets: introduction

page unpublished

Gifts: gifts of business assets: when relief available

page unpublished

Gifts: gifts of business assets: when relief not available

page unpublished

Gifts: gifts of business assets: how to obtain relief

page unpublished

Gifts: gifts of business assets: form of claim

page unpublished

Gifts: gifts of business assets: late claims

page unpublished

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee is settlor-interested settlement immediately after disposal

page unpublished

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement immediately after disposal

page unpublished

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement before hold-over relief is obtained

page unpublished

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

page unpublished

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

page unpublished

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions relating to property

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "relevant disposal", "clawback period", "material time"

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: exceptions to general rule

page unpublished

Gifts: Finance Act 2004 changes: gifts to certain settlements: information power

page unpublished

Gifts: business assets: qualifying for relief

page unpublished

Gifts: business assets: definitions

page unpublished

Gifts: business assets: assets used in trade: trustees

page unpublished

Gifts: business assets: qualifying corporate bonds

page unpublished

Gifts: assets used in a trade: trade and non-trade use

page unpublished

Gifts: business assets: agricultural property

page unpublished

Gifts: agricultural property: liaison with Specialist PT - IHT (formerly CAR - IHT and before that the Capital Taxes Office)

page unpublished

Gifts: agricultural property: hope/development value

page unpublished

Gifts: trading/holding cos of trading groups: non-business assets

page unpublished

Gifts: non-business assets: definition

page unpublished

Gifts: non-business assets: restricting relief

page unpublished

Gifts: transfer of a business to a company: section 165 relief

page unpublished

Gifts: exchange for shares

page unpublished

Gifts: exchange for shares

page unpublished

Gifts: exchange for shares

page unpublished

Gifts: example

page unpublished

Gifts: transfer of goodwill at nominal consideration

page unpublished

Gifts: computation: allowing hold-over relief

page unpublished

Gifts: computation: how to compute the held-over gain

page unpublished

Gifts: computation: examples

page unpublished

Gifts: computation: outright gift

page unpublished

Gifts: computation: partial gift

page unpublished

Gifts: computation: part trade use of asset

page unpublished

Gifts: disposal of shares: non-business chargeable assets

page unpublished

Gifts: transfer of goodwill at nominal consideration

page unpublished

8 April 2021 published amendments

Private residence relief: letting: jointly owned residence

.gov page duplicating text , page republished via simple text box

table reformatted to stop .GOV duplication

Capital Gains Manual: Trusts and Capital Gains Tax: Disposal of interests in settlements: contents

republished

Transfer of a business to a company: computation

hyperlinks updated

Introduction and computation: chargeable assets: Intangible assets: Cryptoassets

Updated page to reflect the publication of the HMRC crypto manual

Foreign currency: introduction

Updated text on cryptoassets to reflect the publication of the cryptoassets manual

7 April 2021 published amendments

1 April 2021 published amendments

Reliefs: employee-ownership trusts: introduction

Pages reviewed

Reliefs: employee-ownership trusts: the new rules

Pages reviewed

Reliefs: employee-ownership trusts: statute

Pages reviewed

Reliefs: employee-ownership trusts: claims

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the five 'relief requirements'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'trading requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'controlling interest requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'limited participation requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'related disposal requirement': relevant only to TCGA92/S236H

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'trading requirement': trading company

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'trading requirement': principal company of a trading group

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': 'authorised transfer'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': the 'equality requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement' and the 'equality requirement': 'eligible employee'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement' and the 'equality requirement': 'excluded participator'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': the 'equality requirement': circumstances in which requirement not infringed

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': the 'equality requirement': circumstances in which requirement not infringed

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': cases in which the requirement is treated as met

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': cases in which the requirement is treated as met: 'trusts for benefit of employees' condition

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': cases in which the requirement is treated as met: 'significant interest' condition

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': cases in which the requirement is treated as met: 'application of settled property' condition

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': cases in which the requirement is treated as met: 'application of settled property' condition: circumstances in which the 'behaviour requirement' is not infringed

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'controlling interest requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'limited participation requirement'

Pages reviewed

Reliefs: employee-ownership trusts: conditions: the 'limited participation requirement': calculating the 'participator fraction'

Pages reviewed

Reliefs: employee-ownership trusts: 'disqualifying events': in the next tax year following that in which there was a disposal by P of shares in C

Pages reviewed

Reliefs: employee-ownership trusts: 'disqualifying events': after the end of the next tax year following that in which there was a disposal by P of shares in C

Pages reviewed

Reliefs: employee-ownership trusts: 'disqualifying events': transitional rules

Pages reviewed

Reliefs: employee-ownership trusts: relief for deemed disposals under TCGA92/S71

Pages reviewed

Reliefs: employee-ownership trusts: relief for deemed disposals under TCGA92/S71: 'disqualifying events': in the next tax year following that in which the deemed disposal took place

Pages reviewed

Reliefs: employee-ownership trusts: identification of shares

Pages reviewed

Reliefs: employee-ownership trusts: defining significant and controlling interests

Pages reviewed

Reliefs: employee-ownership trusts: defining significant and controlling interests: further definitions

Pages reviewed

Reliefs: employee-ownership trusts: transitional provisions

Pages reviewed

Reliefs: employee-ownership trusts: glossary

Pages reviewed

31 March 2021 published amendments

Options: option granted to connected person: loss on disposal

pages reviewed

Options: forfeited deposit of purchase money

pages reviewed

Options: market value rule

pages reviewed

Options: market value rule: Mansworth v Jelley: options exercised before 10 April 2003

pages reviewed

Options: market value rule: effect of TCGA92/144ZA: options exercised on or after 10 April 2003

pages reviewed

Options: market value rule: examples: employment-related share options

pages reviewed

Options: market value rule: examples: options other than employment-related share options

pages reviewed

Futures: what is a future?

Pages reviewed

Futures: scope of legislation: commodity/financial future defined

Pages reviewed

Futures: scope of legislation: commodity/financial over the counter futures

Pages reviewed

Futures: market practices: margin payments

Pages reviewed

Futures: market practices: contracts closed out before maturity

Pages reviewed

Futures: closed out before maturity: CG treatment

Pages reviewed

Futures: contracts not closed out

Pages reviewed

Futures: settled by payment: CG treatment

Pages reviewed

Futures: settled by delivery: date of contract

Pages reviewed

Futures: gilt-edged securities and qualifying corporate bonds

Pages reviewed

Futures: not wasting assets

Pages reviewed

Futures: financial futures: contracts for differences

Pages reviewed

Futures: financial futures: contracts for differences: example

Pages reviewed

Futures: financial futures: financial spread betting

Pages reviewed

Shares and Securities: Futures: list of recognised futures exchanges

Pages reviewed

Shares and securities: Futures: artificial transactions in futures/options

Pages reviewed

Share and securities: Futures: artificial transactions in futures/options: consequential adjustments

Pages reviewed

Co.purchases own shares: general: introduction

Pages reviewed

Co.purchases own shares: treated as distribution: general

Pages reviewed

Co.purchases own shares: UK resident company shareholder

Pages reviewed

Co.purchases own shares: repayment/redemption share capital

Pages reviewed

Co.purchases own shares: capital treatment

Pages reviewed

Co.purchases own shares: capital treatment: Condition A

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – benefit of a trade

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – residence and period of ownership

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – reduction of seller’s interest

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – entitlement to profits

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – groups

Pages reviewed

Co.purchases own shares: capital treatment: Condition A – additional requirements

Pages reviewed

Co.purchases own shares: capital treatment: Condition B

Pages reviewed

Co.purchases own shares: capital treatment: CGT liability

Pages reviewed

Co.purchases own shares: capital treatment: Purchasing options

Pages reviewed

Co.purchases own shares: capital treatment: Employee share schemes

Pages reviewed

Co.purchases own shares: capital treatment: Submitting a clearance

Pages reviewed

24 March 2021 published amendments

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Application of the rules to different fund structures

republished due to .gov duplicating

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Interaction with rules in Chapter 3 of Part 3 TCGA92

table updated

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Disposals by non-resident investors of interests in CIVs and assets with an ‘appropriate connection’ to CIVs (TCGA92/SCH5AAA/para 6)

page republished due to .gov duplicating

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Disapplying the ‘appropriate connection’

page republished due to .gov. duplicating

grammar updated

UK property rich collective investment vehicles: Transparency election: Interaction of the transparency election with rebasing rules in TCGA92/SCH4AA

page republished due to .gov duplicatiing

Non-Resident Chargeable Gains (NRCG) : UK property rich collective investment vehicles: Contents 

Page name change

UK property rich collective investment vehicles: Corporate feeder vehicles wholly owned by institutional investors

page capitalised

UK property rich collective investment vehicles: Transparency election: Overview

Grammar updated

UK property rich collective investment vehicles: Transparency election: How and when the transparency election must be made

Grammar updated

UK property rich collective investment vehicles: Transparency election: Effect of the transparency election on the CIV

Grammar updated

Effect of the transparency election on the CIV

UK property rich collective investment vehicles: Transparency election: Effect of the transparency election on the investors

Grammar updated

UK property rich collective investment vehicles: Exemption election: Overview

Grammar updated

UK property rich collective investment vehicles: Exemption election: Exemption election by limited partnership collective investment vehicle (CIS), deemed partnerships and authorised contractual schemes (CoACS) under TCGA92/SCH5AAA/para 12(3)

Grammar updated

UK property rich collective investment vehicles: Exemption election: Qualifying conditions (TCGA92/SCH5AAA/para13)

Grammar updated

UK property rich collective investment vehicles: Exemption election: Making the exemption election

Grammar updated

UK property rich collective investment vehicles: Exemption election: Effect of making an exemption election

Grammar updated

UK property rich collective investment vehicles: Exemption election: Ceasing to have effect

Grammar updated

UK property rich collective investment vehicles: Exemption election: Deemed disposals TCGA92/SCH5AAA/paras 21 to 24

Grammar updated

UK property rich collective investment vehicles: Exemption election: Reporting requirements

Grammar updated

UK property rich collective investment vehicles: Key definitions and terms: Meaning of 'participant'

Grammar updated

17 March 2021 published amendments

Unit trusts: income units

Guidance update

15 March 2021 published amendments

Valuation: more than one interested person: how to join person in appeal

Page archived content merged with CG16470

Valuation: more than one interested person: Tribunal decision binding

Page archived content merged with CG16470

Valuation: more than one interested person: recording

Page archived content merged with CG16470

Capital distributions: rights issue: computation

Calculation error rectified

Valuation: more than one interested person: certificate of record

Page archived content merged with CG16470

Valuation: more than one interested person: settlement of appeals

Page archived content merged with CG16470

Valuation: more than one interested person: settlement of appeals

Page archived content merged with CG16470

Valuation: more than one interested person: settlement of appeals

Page archived content merged with CG16470

Capital Gains manual: introduction and computation: Valuation of assets for Capital Gains Tax: valuation procedures where there is more than one interested person: Valuation: more than one interested person: join in appeal

Page archived content merged with CG16470

Capital Gains manual: introduction and computation: Valuation of assets for Capital Gains Tax: valuation procedures where there is more than one interested person: Valuation: more than one interested person: join in appeal

Page archived content merged with CG16470

Valuation: more than one interested person: join in appeal: discovery asst

Page archived content merged with CG16470

Valuation: more than one interested person: join in appeal: discovery asst

Page archived content merged with CG16470

Valuation: more than one interested person: join in appeal: withdrawal

Page archived content merged with CG16470

Valuation: more than one interested person: Tribunal hearing: Reg 8

Page archived content merged with CG16470

Valuation: more than one interested person: hearing: other tribunals

Page archived content merged with CG16470

Valuation: more than one interested person: hearings: other tribunals: changes for SA:

Page archived content merged with CG16470

Valuation: more than one interested person: join in appeal: withdrawal

Page archived content merged with CG16470

Valuation: more than one interested person:Tribunal: application

Guidance update

Valuation: more than one interested person:Tribunal: application

Page archived content merged with CG16570

Valuation: more than one interested person:Tribunal: application

Page archived content merged with CG16570

Small capital distributions: computation: Section 104 holding

hyperlink updated

Valuation: more than one interested person: applications to Tribunal

Page archived content merged with CG16570

Valuation: more than one interested person: applications to Tribunal

Page archived content merged with CG16570

Valuation: more than one interested person: liaison with other Districts

Page archived content merged with CG16570

Valuation: more than one interested person: liaison with other Districts

Page archived content merged with CG16570

Technical Help For HMRC Staff

Guidance update

11 March 2021 published amendments

Valuation: more than one interested person: introduction

Page archived content merged with CG16400

Valuation: more than one interested person: purpose of regulations

Page archived content merged with CG16400

Valuation: more than one interested person: purpose of regulations

Page archived content merged with CG16400

Valuation: more than one interested person: regulations must be followed

Page archived content merged with CG16400

Valuation: more than one interested person: regulations must be followed

Page archived content merged with CG16400

Valuation: who is an interested party: Regulations 8 and 15

Page archived content merged with CG16430

Valuation: who is an interested party: Regulations 8 and 15

Page archived content merged with CG16430

Valuation: who is not an interested party: non-residents

Page archived content merged with CG16430

Valuation: interested parties: remoter interests

Page archived content merged with CG16430

Valuation: interested parties: shares

Page archived content merged with CG16430

Valuation: more than one interested person: not apply to IT

Page archived content merged with CG16450

Valuation: more than one interested person: when do Regulations apply?

Page archived content merged with CG16450

Valuation: more than one interested person: when do Regulations apply?

Page archived content merged with CG16450

Valuation: more than one interested person: joined in an appeal

Page archived content merged with CG16470

Valuation: more than one interested person: application: joined in appeal

Page archived content merged with CG16470

Valuation: more than one interested person: how to join person in appeal

Page archived content merged with CG16470

26 February 2021 published amendments

25 February 2021 published amendments

The degrouping charge: introduction

Very minor change to description of S179ZA to clarify, following user feedback.

15 February 2021 published amendments

3 February 2021 published amendments

Relief for Gifts of Business Assets: Restrictions on Relief

update to example

Capital Gains Manual: Shares and Securities: Particular types of transaction: Capital distributions: Contents

Page restructured

Abbreviations used by Shares and Assets Valuation

Page Archived

Appendices: contents

Page restructured

Deferred consideration: unascertainable: assessable amount and valuation issues

guidance updated

Assets: valuation: introduction

Guidance update

Assets: principles of valuation: prudent lotting and flooding the market

Guidance update

Page Archived

Assets: principles of valuation: hypothetical purchaser and special purchaser

Guidance update

Page Archived

Assets: principles of valuation: factors to be taken into account

Guidance update

Page Archived

Assets: principles of valuation: valuing assets collectively

Guidance update

Page Archived

Capital Gains manual: introduction and computation: Valuation of assets for Capital Gains Tax: principles of valuation: contents

Page restructure

Page Archived

Assets: principles of valuation: meaning of market value

Guidance update

Introduction and computation: valuation of assets for Capital Gains Tax: contents

Page restructured

Valuation: post transaction valuation checks: information to be provided and where to send CG34

Guidance update

Goodwill and Intellectual Property Rights: valuation procedures

Guidance update

Valuation: post transaction valuation checks: where to send form CG34

Pager archived

Capital Gains manual: introduction and computation: Valuation of assets for Capital Gains Tax: valuation procedures: post transaction valuation checks: contents

Page Restructured

25 January 2021 published amendments

Rebasing to 31/3/82: rebasing elections: other points

Detail of Statement of Practice 4/1992 added, to the extent that it remains potentially relevant to companies migrating to the UK.

Group share exchanges: interaction with the no gain/no loss rule

Cross reference added to guidance on operation of SSE in group share exchanges.

21 January 2021 published amendments

Substantial shareholdings exemption: the trading company/group/subgroup requirements - special rules for joint venture companies

Substantial shareholding exemption: additional explanation of joint venture companies in context of groups with example.

19 January 2021 published amendments

Group share exchanges: interaction with the no gain/no loss rule

Guidance on share exchanges within groups consolidated and material of only historical interest in CG45551 to CG45573 will be archived. Those interested in tax history may mourn the disappearance of references to the Woolcombers case

11 January 2021 published amendments

Substantial shareholdings exemption: anti-avoidance rule - further guidance

Full text of Statement of Practice 5/2002 now included

8 January 2021 published amendments

7 January 2021 published amendments

Assets held on 6/4/65

Guidance update

Guidance on assets held at 6 April 1965 redrafted to clarify where may continue to be relevant. Missing list of content of archived material restored.

Assets held on 6/4/65: land with development value

archived page

Rebasing to 31/3/82: kink test: two computations must be made

Guidance on the "kink test" for assets held at 31 March 1982 recast, no substantive changes.

5 January 2021 published amendments

Share identification for corporation tax: shares held at 6 April 1965: election for pooling

To incorporate approach to election time limit in degrouping charge cases (originally Statement of Practice D21).

Rebasing to 31/3/82: no gain/loss disposals

Material originally published as Statement of Practice 5 of 1989 incorporated.

2020

17 December 2020 published amendments

14 December 2020 published amendments

4 December 2020 published amendments

27 November 2020 published amendments

23 November 2020 published amendments

18 November 2020 published amendments

17 November 2020 published amendments

16 November 2020 published amendments

13 November 2020 published amendments

10 November 2020 published amendments

Capital distributions: introduction

Guidance update

Capital distributions: definition

Page archived, content now in CG57810

Capital distributions: definition

Page archived, content now in CG57810

Capital distributions: definition: money's worth

Page archived, content now in CG57810

Capital distributions: definition: demergers

Page archived, content now in CG57810

Capital distributions: definition: computations

Guidance update

Capital distributions: definition: part disposal

Page archived, content merged into CG57825

Capital distributions: definition: part disposal: rebasing

Page archived, content merged into CG57825

Small capital distributions: introduction

Guidance update

Small capital distributions: meaning of small

Page archived, content merged to CG57835

Small capital distributions: computation: Section 104 holding

Guidance update

Small capital distributions: computation: - 1982 holding

Guidance update

Small capital distributions: Disposal proceeds more than allowable companies

Guidance update

Small capital distributions: computation: Section 104 holding

Page archived, content merged into CG57847

Small capital distributions: computation: 1982 holding

Page archived, content merged into CG57847

Capital distributions: rights issue: introduction

Guidance update

Capital distributions: rights issue: other capital distributions

Page archived, content merged into CG57855

Capital distributions: rights issue: computation

Guidance update

Capital distributions: rights issue: no gain/no loss transfer

Guidance update

Capital distributions: rights issue: no gain/no loss transfer

Page archived, content merged into CG57859

Capital distributions: rights issue: no gain/no loss transfer: computation

Page archived, content merged into CG57859

Capital distributions: small: rights issue: no gain/no loss transfer: small capital distribution

Guidance update

Capital distributions: rights issue: no gain/no loss transfer: spouses or civil partners

Page archived, content merged into CG57861

Capital distributions: rights issue: part-disposal of rights

Guidance update

Capital distributions: rights issue: part-disposal of rights

Page archived, content merged into CG57863

Capital distributions: rights issue: different class of share

Page archived, content merged into CG57863

Capital distributions: rights issue: position of purchaser

Page archived, content merged into CG57863

5 November 2020 published amendments

4 November 2020 published amendments

26 October 2020 published amendments

22 October 2020 published amendments

Shares and Securities: Particular types of transaction: Stock dividends: Contents

Guidance update

Stock dividends: general

Page archived

Stock dividends: IT treatment

Page archived

Stock dividends: IT treatment

Page archived

Stock dividends: CGT treatment

Page archived, content consolidated to CG58750.

Stock dividends: CGT treatment: share reorganisation

Page archived, content consolidated to CG58750.

Stock dividends: CGT treatment: acquisition of new shares

Page archived, content consolidated to CG58750.

NRCG and the exemptions: Disposals from 6 April 2019: Institutional buildings

Republish to attempt to fix technical issue with the page. No content has been changed.

Stock dividends: computations

Page archived, content consolidated to CG58750.

Stock dividends: trusts in which beneficiaries absolutely entitled

Page archived, content consolidated to CG58750.

Stock dividends: corporate shareholders

Page archived, content consolidated to CG58750.

Stock dividends: corporate shareholders

Page archived, content consolidated to CG58750.

Capital Gains Manual: Shares and Securities: Particular types of transaction: contents

Page restructured

Capital Gains Manual: Shares and Securities: Particular types of transaction: Stock dividends: Contents

Page archived, content consolidated to CG58750.

Land: disposals: consideration due after date of disposal

Content merged and links added.

Land: disposals: ESC D18

Titles and links added.

Land: disposals: unascertainable deferred consideration

Content merged, updated and links added.

Land: disposals: ascertainable deferred consideration

Content merged; page archived.

Land: disposals: proceeds lent back to purchaser

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: part chargeable as income

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: first intention

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: part chargeable as capital gain

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: example where part charged as income

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: computation of capital gain

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: valuation

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: request for valuation

Content merged; page archived.

Land: disposals: unascertainable deferred consideration: future amounts

Content merged; page archived.

Capital Gains Manual: Land: Disposals of land: consideration due after date of disposal: contents

Contents updated.

Capital Gains Manual: Land: Disposals of land: consideration due after date of disposal: Introduction: contents

Page archived; content merged with CG72800.

Page archived; content merged with CG72850.

Capital Gains Manual: Land: Disposals of land: consideration due after date of disposal: Unascertainable deferred consideration: contents

Page archived; content merged with CG72850.

20 October 2020 published amendments

Registered Societies: special rules

Page on Industrial & Provident Societies now refers to Registered Societies and points to detailed guidance in Company Taxation Manual.

19 October 2020 published amendments

14 October 2020 published amendments

Capital Gains Manual: The charge to tax, the capital loss anti-avoidance rule and insolvency

Grammatical error updated

Land: exchange of joint interests: conditions for relief

Content merged and page archived.

Page archived.

Land: exchange of joint interests: definition of terms

Content merged and page archived.

Page archived.

Land: exchange of joint interests: roll - over relief

Content merged and page archived.

Page archived.

Land: exchange of joint interests: examples

Content merged and page archived.

Page archived.

Land: exchange of joint interests: excluded land

Content merged and page archived.

Page archived.

Land: exchange of joint interests: milk quotas

Content merged and page archived.

Page archived.

Land: exchange of joint interests: ESC D26

Content merged and page archived.

Page archived.

Land: exchange of joint interests: calculation of relief

Content merged and page archived.

Page archived.

Land: exchange of joint interests: private residences

Content merged and page archived.

Page archived.

Land: exchange of joint interests: spouses or civil partners

Content merged and page archived.

Page archived.

Land: exchange of joint interests: exchanges of unequal value

Content merged and page archived.

Page archived.

Land: exchange of joint interests: milk and potato quota

Content merged and page archived.

Page archived.

Capital Gains Manual: Land: Relief on exchange of joint interests in land: contents

Page archived

Capital Gains Manual: Land: contents

Contents listing updated.

Migration of companies: departures from UK: ceasing to be resident in UK

Company migrations - add mention of charge for gains on UK land, explanation of CGT for years to 2012-13 trimmed.

29 September 2020 published amendments

24 September 2020 published amendments

22 September 2020 published amendments

Business Asset Disposal Relief: calculation of the relief - general TCGA92/S169N

Guidance update

Business Asset Disposal Relief: calculation of the relief: postponed or deferred gains

Guidance update

Business Asset Disposal Relief: calculation of the relief: rolled over gains

Guidance udpate

Business Asset Disposal Relief: calculation of the relief: gifts of business assets

Guidance update

Business Asset Disposal Relief - calculation - disposals by trustees: more than one qualifying beneficiary

Guidance update

Business Asset Disposal Relief - calculation - restrictions on relief for “associated disposals”

Guidance update

Business Asset Disposal Relief: shares/securities: company reorganisations - share exchanges etc.

Guidance update

Business Asset Disposal Relief: share exchanges etc. involving QCBs: exchanges from 6 April 2008 to 22 June 2010

Guidance update

Business Asset Disposal Relief: share exchanges etc. involving QCBs: exchanges on or after 23 June 2010

Guidance update

Business Asset Disposal Relief: share exchanges etc. involving QCBs before 6th April 2008 - deferred gains coming back into charge on or after 6th April 2008 - transitional rules

Guidance update

Business Asset Disposal Relief: share exchanges etc involving QCBs before 6th April 2008 - deferred gains coming back into charge on or after 6th April 2008 - transitional rules - examples

Guidance udpate

Business Asset Disposal Relief: Enterprise Investment Scheme and Venture Capital Trust investments before 6th April 2008 - deferred gains coming back into charge after 6th April 2008 - transitional rules

Guidance update

Business Asset Disposal Relief: Enterprise Investment Scheme and Venture Capital Trust investments before 6th April 2008 - deferred gains coming back into charge after 6th April 2008 - transitional rules - examples

Guidance update

Capital Gains Manual: Reliefs: Business Asset Disposal Relief: contents

Page structure updated

Business Asset Disposal Relief: relevant business assets - exclusion of goodwill in certain circumstances from 3 December 2014

Guidance update

Business Asset Disposal Relief: reduction in lifetime limit from 11 March 2020: anti-forestalling rule: unconditional contracts

New guidance on operation of anti-forestalling rule for reduction in lifetime limit for relief

Business Asset Disposal Relief: reduction in lifetime limit from 11 March 2020: anti-forestalling rule: elections under Section 169Q

New guidance on anti-forestalling rule for reduction in lifetime limit from 11 March 2020. Formatting issues corrected.

Guidance update

21 September 2020 published amendments

Capital Gains Manual: Reliefs: Business Asset Disposal Relief: contents

Guidance update

BADR : Introduction and legislation

Guidance update

Business Asset Disposal Relief: broad outline

Guidance update

Business Asset Disposal Relief: office responsible

Guidance update

Business Asset Disposal Relief: meaning of business

Guidance update

Business Asset Disposal Relief: claims to relief

Guidance update

Business Asset Disposal Relief: qualifying disposals by individuals

Guidance update

Business Asset Disposal Relief: qualifying disposals by individuals: examples

Guidance update

Business Asset Disposal Relief: qualifying disposals by trustees

Guidance udpate

Business Asset Disposal Relief: qualifying disposals by trustees: example

Guidance update

Business Asset Disposal Relief: qualifying “associated disposals” by individuals

Guidance update

Business Asset Disposal Relief: qualifying “associated disposals” by individuals: disposals on or after 18 March 2015

Guidance update

Business Asset Disposal Relief: qualifying “associated disposals” by individuals: disposals before 18 March 2015

Guidance update

BADR: qualifying “associated disposals” by individuals: meaning of “withdrawal from business”.

Guidance update

Business Asset Disposal Relief: qualifying “associated disposals” - examples

Guidance update

Business Asset Disposal Relief: relevant business assets

Guidance update

Business Asset Disposal Relief: relevant business assets - exclusion of goodwill in certain circumstances from 3 December 2014

Guidance update

Business Asset Disposal Relief: time limit for onward sale of shares

Guidance update

Business Asset Disposal Relief: disposal of whole or part of business: conditions and disposal of assets after cessation of a business

Guidance update

BADR - “disposal of part of a business”: meaning

Guidance update

Business Asset Disposal Relief - “disposal of part of a business”: meaning - case law

Guidance update

Business Asset Disposal Relief - “disposal of part of a business”: meaning - case law continued

Guidance update

Business Asset Disposal Relief: disposal of part of a business, discussion of case law

Guidance update

BADR: disposal of part of a business, factors arising from case law

Guidance update

Business Asset Disposal Relief: disposal of whole or part of business: partnerships

Guidance udpate

Business Asset Disposal Relief: disposal of assets after cessation of business

Guidance update

Business Asset Disposal Relief: shares or securities: personal company

Guidance udpate

Business Asset Disposal Relief: shares or securities: personal company definition: the economic interest requirement

Guidance udpate

Business Asset Disposal Relief: shares or securities: Enterprise Management Incentive Scheme shares

Guidance update

BADR: Dilution elections where relevant share issue is on or after 6 April 2019

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - meaning of "in the course of, or for the purposes of, a trade"

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - meaning of preparing to carry on a trade

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - meaning of acquiring or starting to carry on a trade, or acquiring shares in a trading company

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - meaning of "as soon as is reasonably practicable in the circumstances"

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - shares and other assets held otherwise than as investments

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - investments in joint venture companies - overview

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - investments in joint venture companies - pre-18 March 2015

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - investments in joint venture companies - 18 March 2015 and later

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group – activities conducted through a partnership

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - surplus trading property

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - the meaning of "substantial"

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - investments in shares under the Corporate Venturing Scheme (CVS)

Guidance update

Business Asset Disposal Relief: trading company and holding company of a trading group - applications for a ruling on the status of a company

Guidance update

Business Asset Disposal Relief: date of cessation of a business

Guidance update

Business Asset Disposal Relief: officers and employees

Guidance update

Business Asset Disposal Relief: shares/securities: liquidation of company

Guidance update

Business Asset Disposal Relief: calculation: introduction: scope of guidance

Guidance update

16 September 2020 published amendments

28 August 2020 published amendments

10 August 2020 published amendments

Non-resident capital gains from 6 April 2019: UK property rich collective investment vehicles: Overview of the rules for collective investment vehicles

Page archived

Page unpublished

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Definitions

Page archived

Page unpublished

UK property rich collective investment vehicles: Introduction: Default position for CIVs and their investors

Page archived

UK property rich collective investment vehicles: Introduction: Overview of elections for transparency or exemption

Page archived

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: The transparency and exemption elections

Page archived

page unpublished

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: contents

Page archived

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: The exemption election - Qualifying conditions

Page archived

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: The exemption election: Making & revoking an election, and effect of election

Page archived

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Interaction with rules in Chapter 3 of Part 3 TCGA92

Page archived

UK property rich collective investment vehicles: Interaction with other TCGA92 provisions: Disposals by non-resident investors of interests in CIVs and assets with an ‘appropriate connection’ to CIVs (TCGA92/SCH5AAA/para 6)

Page archived

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Meaning of wholly owned and almost wholly owned

Page archived

Non-resident capital gains from 6 April 20129: UK property rich collective investment vehicles: Reporting requirements

Page archived

UK property rich collective investment vehicles: Introduction

Page archived

4 August 2020 published amendments

Private residence relief: letting: residence partly used for trade

guidance update

Private residence relief: ownership period: spouses or civil partners and legatees

Guidance update

Private residence relief: disposals on or after 10 December 2003

Guidance update

Private residence relief: ownership period: relief restricted by rules in FA 2004: example

Guidance update

Private residence relief: ownership period beginning at 31/3/82: example

Guidance update

Private residence relief: period of ownership: transfer between spouses or between civil partners

Guidance update

Private residence relief: extended ownership period: transfer between spouses or between civil partners

Guidance update

Private residence relief: extended ownership period: transfer between spouses or between civil partners: example

Guidance update

Private residence relief: computation of relief: introduction

Guidance update

Private residence relief: computation of relief: general rule

Guidance update

Private residence relief: final period exemption

Guidance update

Private residence relief: final period exemption: cannot exceed gain

Guidance update

Private residence relief: delay in taking up residence: Disposals on or after 6 April 2020

Guidance update

Private residence relief: delay in taking up residence: Disposals before 6 April 2020 (ESC D49)

Guidance update

Private residence relief: ESC D49: good reasons for exceptional delay in taking up residence (for disposals prior to 6 April 2020 only)

Guidance update

Private residence relief: relief for two dwelling houses for same period

Guidance update

Private residence relief: periods of absence: example: individual prevented from returning to residence

Guidance update

Capital Gains Manual: Reliefs: Private residence relief: Computation of relief: periods away from property: specific points for NRCGT

Guidance update

Private residence relief: losses

Guidance update

22 July 2020 published amendments

Appendix 17 - Draft guidance on the Corporate Capital Loss Restriction

Wording for calculation of chargeable gains deductions allowance corrected to confirm that the amount is up to £5 million less the total of any amounts of other deductions allowances already claimed.

Leases: grant of lease out of short lease: sub-lease at higher rent

Guidance update

Leases: grant of lease out of short lease: part of land sub-let

Guidance update

Leases: grant of lease out of short lease: restriction of capital loss

Guidance update

Short leases: disposal: allowable expenditure

Guidance update

Short leases: disposal: lease subject to sub-lease not at rack rent

Guidance update

Short leases: disposal of lease wasting asset at 6/4/65

Guidance update

15 July 2020 published amendments

Development value: introduction

Some material moved to archive and various links added.

Title update.

Assets held on 6 April 1965 disposed of with development value

Material archived and links added.

Title corrected.

Betterment Levy

Material archived.

Development Land Tax

Material archived.

Land: development value: introduction

Page archived.

Land: development value: meaning of `land with development value'

Page archived.

Land: development value: meaning of `land with development value'

Page archived.

Land: development value: meaning of `land with development value'

Page archived.

Land: development value: `current use value'

Page archived.

Land: development value: `material development'

Page archived.

Land: development value: `material development'

Page archived.

Land: development value: `material development'

Page archived.

Land: development value: restriction of gain or loss

Page archived.

Land: development value: part-disposals

Page archived.

Land: development value: further disposal after rule in CG72602 applied

Page archived.

Land: development value: disposal after rule in CG72602 not applied

Page archived.

Land: development value: example

Page archived.

Land: development value: part disposed of clearly separate asset

Page archived.

Land: development value: development value suspected

Page archived.

Land: development value: Betterment Levy

Content archived.

Land: development value: Development Land Tax

Content archived.

Land: development value: Development Land Tax

Content archived.

Land: development value: Development Land Tax

Content archived.

Land: development value

Contents amended following archive of content.

8 July 2020 published amendments

Reliefs: Replacement of Business Assets (Roll-over Relief): Claiming Relief

Paragraph added to clarify provisional claim procedure in case of partial reinvestment, following feedback from CCG

29 June 2020 published amendments

Indexation: from 6/4/88 indexation tables

Link to indexation tables on gov.uk added

10 June 2020 published amendments

Relief for Gifts of Business Assets: Claims

Update to reflect covid-19 claims procedure

21 May 2020 published amendments

Technical Help For HMRC Staff

extra Form link removed

19 May 2020 published amendments

Losses: targeted anti-avoidance rule from 6 December 2006

HMRC internal referral routes clarified.

12 May 2020 published amendments

Appendices: contents

Added link to new draft guidance.

6 May 2020 published amendments

Interests in possession: interests of minors: Trustee Act 1925

Page Archived

Interests in possession: interests of minors: Trustee Act 1925

Page archived

Interests in possession: age of majority

Page archived

Interests in possession: age of majority

Page archived

Interests in possession: minors: Scotland

Page archived

Interests in possession: protective interests

Page archived

Interests in possession: interest for life of another

Page archived

Interests in possession: interest for life of another

Page archived

Interests in possession: trustees' discretion

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Interests in possession: annuities

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Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: Life interests in possession: Contents

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Life interests: extension to non-life interests

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Life interests: extension to non-life interests: commencement

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Life interests: extension to non-life interests: example

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Life interests: extension to non-life interests: claims

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Life interests: extension to non-life interests: clawback cases

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Life interests: extension to non-life interests: example

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Life interests: extension to non-life interests: relevant disposals

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Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: EScD43: extension to non-life interests: Contents

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Death of person with interest in possession: interest in part

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Life interests and interests in possession: Death of person with interest in possession: reversion to settlor

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Guidance update

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Death of person with interest in possession: valuation of trust assets

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Death of person with interest in possession: example

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Death of person with interest in possession in part: special treatment

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Death of person with interest in possession: death of annuitant

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Death of person with interest in possession: death of annuitant

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Death of person with interest in possession: examples

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Death of person with interest in possession: examples

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Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: Death of person with life interest: Contents

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5 May 2020 published amendments

Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: multiple settlors

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Settlor trusts: computations: Example 1

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Settlor trusts: computations: Example 2

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Settlor trusts: computations: foreign gains special cases

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Settlor trusts: computations: foreign gains special cases

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Settlor trusts: computations: double taxation relief

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Settlor trusts: computations: double taxation relief

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: Computations: contents

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Settlor trusts: procedures: returns by trustees

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Settlor trusts: procedures: returns by settlors

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Settlor trusts: procedures: assessment

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Settlor trusts: recovery by settlor from trustees of tax paid

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Settlor trusts: form of certificate

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Settlor trusts: normal case

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: Procedures: Contents

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: new claim that several settlements exist

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Settlor trusts: maintenance funds for historic buildings

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Settlor trusts: share option schemes: trusts for employees

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Settlor trusts: share option schemes: trusts for employees

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Settlor trusts: share option schemes: trusts for employees

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Settlor trusts: other commercial arrangements

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Settlor trusts: other commercial arrangements

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: Special cases: contents

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Assessment and procedures: trustees: rates

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Assessment and procedures: trustees: rate applicable to trusts: years 1998-99 to 2007-08

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Rates: special cases

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Capital Gains Manual: Trusts and Capital Gains Tax: Tax rates and assessment and procedures: Rates: Contents

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Assessment: collection of tax from beneficiaries

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Capital Gains Manual: Trusts and Capital Gains Tax: Tax rates and assessment and procedures: Assessment: Contents

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Assessment of trustees: whom to assess

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Guidance in TSEM: conditions for special rules to apply - vulnerable persons

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Guidance in TSEM: conditions for special rules to apply - qualifying trusts

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Guidance in TSEM: elections and claims

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Elections

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Claims

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UK resident beneficiary: tax years 2004-05 to 2007-08

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UK resident beneficiary: tax years 2004-05 to 2007-08: calculation

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UK resident beneficiary: tax years 2004-05 to 2007-08: Increase in liability

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UK resident beneficiary: tax year 2008-09 onwards: example tax year 2010-11

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Procedures for dealing with elections and claims

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Non-resident beneficiaries: tax years 2004-05 to 2007-08

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Non-resident beneficiary CGT example: tax years 2004-05 to 2007-08

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Non-resident beneficiary: CGT example: tax year 2008-09 onwards

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Non-resident trustees

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts with vulnerable beneficiaries: Cases of non-resident trustees and/or non-resident beneficiaries: Contents

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Gifts in settlement: transfer into settlement

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Gifts in settlement: hold-over relief

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Gifts in settlement: other reliefs

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Gifts in settlement: date of gift

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Gifts in settlement: whether settled property

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Gifts in settlement: sales involving trustees

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Gifts to employee trusts: persons qualifying: individuals

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Gifts to employee trusts: persons qualifying: close companies

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Gifts to employee trusts: persons qualifying: other companies

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Gifts to employee trusts: computation of gains

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Gifts to employee trusts: close companies: effect on shareholders

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Gifts to employee trusts: procedure: liaison with HMRC - IHT

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Capital Gains Manual: Trusts and Capital Gains Tax: Gifts to employee trusts: contents

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Interests in possession: market value on death: introduction: Inheritance Tax

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Interests in possession: introduction: death and trusts

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Interests in possession: introduction: death and trusts

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: Board's Press Release

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Interests in possession: further points

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Interests in possession: further points

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Life interests in possession: meaning

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4 May 2020 published amendments

Conventional but bare trusts: several beneficiaries

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Conventional but bare trusts: specific cases

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Conventional but bare trusts: contingency gift over to executors

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Conventional but bare trusts: powers of appointment held by beneficiary

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Conventional but bare trusts: powers of appointment held by beneficiary

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Conventional but bare trusts: Scotland: special cases

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Conventional but bare trusts: transfer by way of security

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Conventional but bare trusts: payment at a particular age

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Conventional but bare trusts: payment at a particular age

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Settlor trusts: introduction: procedures for settlors' Offices

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Settlor trusts: introduction: summary of provisions

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Settlor trusts: introduction: summary of provisions

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Settlor trusts: introduction: summary of provisions

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Settlor trusts: settlements affected

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Settlor trusts: settlements affected

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Settlor trusts: interest in the settlement

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Settlor trusts: benefit

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Settlor trusts: small benefits

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Settlor trusts: spouse or civil partner or minor child

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Settlor trusts: Income Tax rulings

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Settlor trusts: Income Tax rulings

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Settlor trusts: cases where Income Tax ruling inapplicable

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Settlor trusts: cases where Income Tax ruling inapplicable

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Settlor trusts: cases where Income Tax ruling inapplicable

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Settlor trusts: new procedures: cases with no IT ruling

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Settlor trusts: non-resident trusts

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Settlor trusts: meaning of settlor

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Settlor trusts: meaning of settlor

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Settlor trusts: power of appointment

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Settlor trusts: multiple settlors

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Settlor trusts: Corporate settlors

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Settlor trusts: exceptions

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Settlor trusts: death of spouse or civil partner or child

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Settlor trusts: year of change of residence of settlor

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Settlor trusts: interests to be disregarded

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: Settlements and settlors affected: contents

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Capital Gains Manual: Trusts and Capital Gains Tax: Bare trusts: Conventional but bare trusts: contents

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Settlor trusts: computations: returns and reliefs

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Settlor trusts: computations: losses of trustees

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Settlor trusts: computations: amount chargeable: on settlor

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Settlor trusts: computations: personal losses: 1998-99 onwards: introduction

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Settlor trusts: computations: personal losses: 2003-04 onwards

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Settlor trusts: computations: personal losses: temporary non-residents: 2003-04 onwards

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Settlor trusts: computations: personal losses: temporary non-residents: gains restricted

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Settlor trusts: computations: chargeable gains attributed from different settlements

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Settlor trusts: computations: personal losses: election for 2000-01 to 2002-03

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Settlor trusts: computations: personal losses: election for 2000-01 to 2002-03: example

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Settlor trusts: computations: personal losses: 1998-99 to 2002-03

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Settlor trusts: computations: settlor becoming absolutely entitled

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Settlor trusts: computations: married women settlors 88-89/89-90

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Settlor trusts: computations: example

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29 April 2020 published amendments

Basic terms of trust law as applied to CGT: sub-fund settlements: basic effects for CGT: deemed disposal

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Basic terms of trust law as applied to CGT: sub-fund settlements: basic effects for CGT: other effects

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Basic terms of trust law as applied to CGT: sub-fund settlements: basic effects for CGT: losses

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Basic terms of trust law as applied to CGT: sub-fund settlements: basic effects for CGT: giving advice

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Disposals by trustees: no `looking through'

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Disposals by trustees: no `looking through'

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Disposals by trustees: expenses: xsfer to person absolutely entitled

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Disposals by trustees: expenses: fees of corporate trustees

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Disposals by trustees: expenses: fees of other professional trustees

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Disposals by trustees: reliefs: gifts hold-over relief

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Disposals by trustees: reliefs: gifts hold-over relief clawback

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Disposals by trustees: reliefs: gifts hold-over relief: restriction of set off of trust losses

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Disposals by trustees: reliefs: private residence relief

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Disposals by trustees: reliefs: reinvestment relief

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Disposals by trustees: reliefs: EIS relief

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Disposals by trustees: gratuitous xfers by employee trusts

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Disposals by trustees: stock dividends: shares held by trustees: Income Tax

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Disposals by trustees: shares held by trustees: beneficiary entitled

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Disposals by trustees: shares held by trustees: discretionary/accumulation

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Disposals by trustees: shares held by trustees: other trusts

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Disposals by trustees: shares held by trustees: trusts established under law of England & Wales or law of Northern Ireland

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Disposals by trustees: shares held by trustees: trusts established under law of England & Wales or law of Northern Ireland: enhanced stock dividend

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Disposals by trustees: shares held by trustees: Scottish trust

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Demergers: direct demergers: CGT treatment: individuals

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Demergers: indirect demergers: CGT treatment: individuals

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Demergers: direct demergers: CGT treatment: trustees

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Demergers: trust Law

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Demergers: CGT treatment: trustees: indirect demergers

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Direct demergers: trustees: interests in possession: England Wales/Ireland

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Direct demergers: trustees interests in possession: Scotland

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Direct demergers: trustees interests in possession: other countries

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Direct demergers: trustees discretionary trusts etc

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Demergers: example

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Capital Gains Manual: Trusts and Capital Gains Tax: Disposals by trustees: Demergers: Contents

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Bare trusts: introduction

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Bare trusts: introduction

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Bare trusts: introduction

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Bare trusts: introduction

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Bare trusts: introduction: examples

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Bare trusts: introduction: examples

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Bare trusts: introduction: examples

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Bare trusts: absolute entitlement

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Bare trusts: absolutely entitled judicial comment

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Bare trusts: charges

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Bare trusts: infants and other persons under a disability

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Bare trusts: joint entitlement

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Bare trusts: computations: bare trusts and nominees

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Bare trusts: main principles and effects: example

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Bare trusts: main principles and effects: allowable expenditure

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Bare trusts: pooling of shares etc

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Bare trusts: sales of interests

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Bare trusts: bare trusts: administration

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Capital Gains Manual: Trusts and Capital Gains Tax: Bare trusts: Bare trusts: main principles and effects: contents

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28 April 2020 published amendments

Residence of trustees: pre 5 April 2007: main rule

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Residence of trustees: pre 5 April 2007: general administration

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Residence of trustees: pre 5 April 2007: general administration

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Residence of trustees: pre 5 April 2007: general administration

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Residence of trustees: pre 5 April 2007: general administration

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Residence of trustees: pre 5 April 2007: example

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Residence of trustees: pre 5 April 2007: professional trustees

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Residence of trustees: pre 5 April 2007: professional trustees

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Residence of trustees: pre 5 April 2007: Income Tax

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Residence of trustees: from 6 April 2007

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Residence of trustees: Non-Resident Trusts responsibility

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Basic terms of trust law as applied to CGT: settlement

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Basic terms of trust law as applied to CGT: settlement

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Basic terms of trust law as applied to CGT: separate settlements

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Basic terms of trust law as applied to CGT: one settlement or more?

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Basic terms of trust law as applied to CGT: one settlement or more?

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Basic terms of trust law as applied to CGT: one settlement or more?

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Basic terms of trust law as applied to CGT: Roome v Edwards

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Basic terms of trust law as applied to CGT: when single settlement

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Basic terms of trust law as applied to CGT: separate property

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Basic terms of trust law as applied to CGT: separate trustees

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Basic terms of trust law as applied to CGT: separate trusts

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Basic terms of trust law as applied to CGT: separate beneficiaries

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Basic terms of trust law as applied to CGT: marriage settlements

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Basic terms of trust law as applied to CGT: additions to settlements

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Basic terms of trust law as applied to CGT: additions to settlements

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Basic terms of trust law as applied to CGT: additions to settlements

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Basic terms of trust law as applied to CGT: additions to settlements

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23 April 2020 published amendments

Trusts: outline of CGT for trusts: the settlement

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Trusts: outline of CGT for trusts: the settlement

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Trusts: outline of CGT for trusts: transfers in

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Trusts: outline of CGT for trusts: events during life of settlement

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Trusts: outline of CGT for trusts: events during life of settlement

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Trusts: outline of CGT for trusts: transfers out

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Trusts: outline of CGT for trusts: rates of tax

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Trusts: outline of CGT for trusts: annual exempt amount

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Trusts: outline of CGT for trusts: annual exempt amount

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Trusts: outline of CGT for trusts: interests of beneficiaries

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Trusts: documentation and submissions: submissions to a specialist office

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Basic terms of trust law as applied to CGT

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Basic terms of trust law as applied to CGT

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Basic terms of trust law as applied to CGT

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Basic terms of trust law as applied to CGT

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Basic terms of trust law as applied to CGT: settled property

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Basic terms of trust law as applied to CGT: settlor: up to 5 April 2006

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Basic terms of trust law as applied to CGT: settlor: up to 5 April 2006

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Basic terms of trust law applied to CGT: settlor: up to 5 April 2006

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Basic terms of trust law as applied to CGT: settlor: from 6 April 2006

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Basic terms of trust law as applied to CGT: settlor: from 6 April 2006: basic principles

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Basic terms of trust law as applied to CGT: settlor: from 6 April 2006: anti-avoidance

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Basic terms of trust law as applied to CGT: settlor: from 6 April 2006: transfer between settlements

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Basic terms of trust law as applied to CGT: settlor: from 6 April 2006: deeds of variation

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Basic terms of trust law as applied to CGT: trust

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Basic terms of trust law as applied to CGT: legal/beneficial interests

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Basic terms of trust law as applied to CGT: creation of trusts

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22 April 2020 published amendments

The degrouping charge: mergers: overview

Cross references to following material on same topic corrected.

30 March 2020 published amendments

Introduction

Guidance update

Conditions for relief

Guidance update

Effect of disincorporation relief: overview

Guidance update

Effect of disincorporation relief: qualifying assets

Guidance update

Effect of disincorporation relief: post-FA 2002 goodwill

Guidance update

Effect of disincorporation relief: shareholders

guidance update

Effect of disincorporation relief: examples

Guidance update

Making a claim

Guidance update

Groups: appropriations to and from trading stock: outline

Guidance update

Groups: appropriations to trading stock

Guidance update

Groups: appropriations from trading stock

Guidance update

Groups: business asset roll-over relief, background

Guidance update

Groups: business asset roll-over relief: the single group trade rule

Guidance update

Groups: business asset roll-over relief: asset owned by non-trading company

guidance update

Groups: business asset roll-over relief: depreciating assets

Guidance update

Groups: business asset roll-over relief: the same person rule (1), the general rule

Guidance update

Groups: business asset roll-over relief: the same person rule (2), no need to be members at same time

Guidance update

Groups: business asset roll-over relief: the same person rule (3), takeovers

Guidance update

Groups: business asset roll-over relief: no-gain/no-loss acquisitions do not qualify for relief

Guidance update

Groups: modification of compulsory purchase roll-over relief rules

Guidance update

Groups: business asset roll-over relief, outline of guidance

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Capital Gains Manual: Companies and Groups of Companies: Groups of companies: Groups: Particular Aspects: Contents

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Roll-over relief on transfer of shares to an approved Share Incentive Plan: Introduction and Statute

Guidance update

Roll-over relief on transfer of shares to Share Incentive Plan: statute and content

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Roll-over relief on transfer of shares to a Share Incentive Plan: the conditions for the relief

Guidance update

Grammar corrected

: Roll-over relief on transfer of shares to Share Incentive Plan: disposal conditions: eligible shares

Guidance update

Roll-over relief on transfer of shares to Share Incentive Plan: disposal conditions: trustees’ 10 percent stake

Guidance update

Roll-over relief on transfer of shares to Share Incentive Plan: relief not available: re-acquisition of shares

Guidance update

Roll-over relief on transfer of shares to Share Incentive Plan: replacement assets

Guidance update

Title change

Roll-over relief on transfer of shares to Share Incentive Plan: replacement assets

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Roll-over relief on transfer of shares to Share Incentive Plan: computing relief

Guidance update

Capital Gains Manual: Businesses: Appropriations to and from stock in trade: contents

updating page name

Appropriations to stock in trade

Updating content

23 March 2020 published amendments

Appendices: contents

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20 March 2020 published amendments

19 March 2020 published amendments

3 March 2020 published amendments

Basic terms of trust law as applied to CGT: settlor: from 6 April 2006: transfer between settlements

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: contents

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: Basic terms: Contents

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Basic terms of trust law as applied to CGT: settlement

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Basic terms of trust law as applied to CGT: one settlement or more?

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Basic terms of trust law as applied to CGT: when single settlement

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Basic terms of trust law as applied to CGT: separate trusts

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Basic terms of trust law as applied to CGT: additions to settlements

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: One settlement or several?: contents

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Basic terms of trust law as applied to CGT: sub-fund settlements: basic effects for CGT: deemed disposal

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: Basic terms of trust law: Contents

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Trustees: general

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Trustees: appointment of trustees

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Trustees: retirement or removal of trustees

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Trustees: appointment of trustees: Scotland

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Trustees: retirement or removal of trustees: Scotland

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: Trustees: Contents

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Residence of trustees: pre 5 April 2007: general administration

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Residence of trustees: pre 5 April 2007: professional trustees

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: Residence of trustees: contents

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Capital Gains Manual: Trusts and Capital Gains Tax: Basic terms of trust law as applied to CGT: Introduction: Contents

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Capital Gains Manual: Trusts and Capital Gains Tax: Disposals by trustees: contents

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27 February 2020 published amendments

2006 IHT changes: treatment before 22 March 2006

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2006 IHT changes: CGT treatment before 22 March 2006

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2006 IHT changes: CGT gifts hold-over treatment before 22 March 2006

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2006 IHT changes: IHT treatment before 22 March 2006

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2006 IHT changes: IHT and CGT treatment before 22 March 2006: lifetime transfers to settlements

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2006 IHT changes: IHT and CGT treatment before 22 March 2006: transfers from settlements

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2006 IHT changes: IHT and CGT treatment before 22 March 2006: settlements and death of person with actual or deemed interest in possession

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2006 IHT changes: IHT and CGT treatment before 22 March 2006: miscellaneous situations

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Capital Gains Manual: Trusts and Capital Gains Tax: Changes to IHT from 22 March 2006: contents

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Absolute entitlement

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Absolute entitlement

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Absolute entitlement

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Absolute entitlement

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Absolute entitlement: meaning

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Absolute entitlement: meaning

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Absolute entitlement: meaning

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Absolute entitlement: outline of chapters

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Absolute entitlement: example: Stephenson v Barclays Bank Trust Co

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Absolute entitlement: example: Stephenson v Barclays Bank Trust Co

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Absolute entitlement: example: Stephenson v Barclays Bank Trust Co

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Absolute entitlement: example: Stephenson v Barclays Bank Trust Co

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Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: general: Introduction: contents

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Absolute entitlement: special cases

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Absolute entitlement: types of case

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Capital Gains Manual: Trusts and Capital Gains Tax: Becoming absolutely entitled: particular cases: Introduction: Contents

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Separate settlements: introduction

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Separate settlements: introduction

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Separate settlements: introduction

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Separate settlements: introduction

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Separate settlements: trustees as body of persons

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Separate settlements: trustees absolutely entitled as against other

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Separate settlements: transfer to a pre-existing settlement

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Separate settlements: changes of Revenue view

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Disposal of interests in settlements: introduction

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Disposal of interests in settlements

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Disposal of interests in settlements: merger of interests

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Disposal of interests in settlements: after 18 March 1991

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Capital Gains Manual: Trusts and Capital Gains Tax: Transactions creating separate settlements: Creation of separate settlements: introduction: Contents

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Disposal of interest in resident settlement: trustees becoming NR

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26 February 2020 published amendments

Non-resident capital gains from 6 April 2019: Sch5AA elections: notes for forms

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Non-resident capital gains from 6 April 2019: Para 8 election form

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archive message updated

Non-resident capital gains from 6 April 2019: Para 12(2) election form

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Non-resident capital gains from 6 April 2019: Para 12(3) election form

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Settlor trusts: introduction: procedures for settlors' Offices

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Settlor trusts: introduction: summary of provisions

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: General introduction: Contents

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Guidance in TSEM: conditions for special rules to apply - vulnerable persons

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Guidance in TSEM: conditions for special rules to apply - qualifying trusts

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UK resident beneficiary: tax years 2004-05 to 2007-08

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Capital Gains Manual: Trusts and Capital Gains Tax: Trusts with vulnerable beneficiaries

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Gifts in settlement: hold-over relief

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Gifts in settlement: other reliefs

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Gifts in settlement: date of gift

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Capital Gains Manual: Trusts and Capital Gains Tax: Gifts in settlement: contents

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Interests in possession: introduction: death and trusts: special provisions

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Interests in possession: introduction: death and trusts: special provisions

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Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: Contents

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21 February 2020 published amendments

2006 IHT changes: introduction

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: summary of Classes

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: qualifying interests in possession

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: trusts for the disabled

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: trusts for young people

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: other trusts

Guidance update

2006 IHT changes: CGT treatment from 22 March 2006

Guidance update

2006 IHT changes: IHT treatment from 22 March 2006: CGT holdover relief from 6 April 2006

hyperlinks updated

2006 IHT changes: IHT and CGT treatment from 22 March 2006: transfers to settlements

Guidance update

2006 IHT changes: IHT and CGT treatment from 22 March 2006: transfers from settlements

Guidance update

2006 IHT changes: IHT and CGT treatment from 22 March 2006: settlements and death of person with actual or deemed interest in possession

Guidance update

2006 IHT changes: IHT and CGT treatment from 22 March 2006: settlements and death of person with actual or deemed interest in possession

guidance update

2006 IHT changes: IHT treatment from 22 March 2006: miscellaneous situations

Guidance update

Absolute entitlement

Guidance update

Absolute entitlement: effects: deemed disposal

guidance update

Absolute entitlement: losses of trustees and other reliefs

Guidance update

Absolute entitlement: occasions of absolute entitlement

Guidance update

Absolute entitlement: Introduction

Guidance update

Absolute entitlement: part of trust fund: successive events

Guidance update

Absolute entitlement: part of trust fund: immediately

Guidance update

Absolute entitlement: part of trust fund: Trustees' power of appropriation

Guidance update

Absolute entitlement: indivisible assets: English land/trusts

Guidance update

Absolute entitlement: wills or intestacies: land

Guidance update

Absolute entitlement: part of trust fund: other assets

Guidance update

Absolute entitlement: mergers of interests: general

Guidance update

Absolute entitlement: special cases: unauthorized distributions

Guidance udpate

Separate settlements: introduction

Guidance update

Separate settlements: appointment or advancement by trustees: practical approach

Guidance update

Separate settlements: form of the transaction: pre- existing settlement

Guidance update

Separate settlements: substance of the transaction

Guidance update

Separate settlements: conventional use of special powers of appointment

Guidance update

Separate settlements: variations of trusts: by agreement

Guidance update

Separate settlements: variations of trusts: under Variation of Trusts Act

Guidance update

Separate settlements: variations of trusts: instrument of variation of will or intestacy

Guidance update

Separate settlements: variations: identity of settlor

Guidance update

Separate settlements: appointments while estate in administration

Guidance update

Disposal of interests in settlements

Guidance update

Disposal of interests in settlements: computation of gain

Guidance update

Disposal of interests in settlements: Specific events

Guidance update

20 February 2020 published amendments

Non-resident capital gains from 6 April 2019: draft guidance

Page archived as content is now in CG73920+

Capital Gains Manual: Trusts and Capital Gains Tax: Trusts where settlor can benefit: General introduction: Contents

Guidance update

Trusts and Capital Gains Tax: Settlor trusts: Overview

Guidance update

Capital gains manual: Contents: Settlor trusts: Self Assessment of trustees and collection of tax

Guidance update

Capital Gains Manual: Trusts and Capital Gains Tax: Trusts with vulnerable beneficiaries

Guidance update

Vulnerable beneficiaries: introduction

Guidance update

How the CGT legislation works: introduction

Guidance update

Tusts and Capital Gains Tax: Trusts with vulnerable beneficiaries: Excluded cases Income Tax and CGT

Guidance update

UK resident beneficiary: tax year 2008-09 onwards

Guidance update

Trusts with vulnerable beneficiaries: Non-resident beneficiary: tax years 2008-09 onwards

Guidance update

Trusts and Capital Gains Tax: Gifts in settlement

Guidance update

Gifts in settlement: Gifts to employee trusts

Guidance update

Capital Gains Manual: Trusts and Capital Gains Tax: Life interests and interests in possession: Contents

Guidance update

Life interests and interests in possession: Interests in possession: death and CGT

Guidance update

Life interests and interests in possession: Interests in possession: Introduction

Guidance update

Life interests and interests in possession: Interests in possession: meaning

Guidance update

Life interests and interests in possession: Death of person with interest in possession: property remains settled

Guidance update

Life interests and interests in possession: Death of person with interest in possession: interest for life of another

Guidance update

Life interests and interests in possession: Death of person with interest in possession: property ceases to be settled

guidance update

Life interests and interests in possession: Death of person with interest in possession: interest in part

Guidance update

Life interests and interests in possession: Death of person with interest in possession: reversion to settlor

Guidance update

Death of person with interest in possession: part of settled property

Guidance update

Death of person with interest in possession: no separate funds

Guidance update

Death of person with interest in possession: valuation of trust assets

Guidance update

Death of person with interest in possession: right to part of income

Guidance update

Death of person with interest in possession: part of settled property

Guidance update

Death of person with interest in possession in part: special traetment

Guidance update

Death of person with interest in possession: death of annuitant

Guidance update

Death of person with interest in possession: recovery of held-over gain

Guidance update

6 February 2020 published amendments

NRCG and the exemptions: Disposals from 6 April 2019: Introduction

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Dwelling and disposing of residential property

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Overview

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: The basics

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: UK property richness

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Normal commercial loan

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Establishing the level of investment

Hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Examples of establishing the level of investment

Hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Linked disposals and assessing UK property richness

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: The trading exception

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Impact of Double Tax Agreements

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Calculating the gain

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Indirect disposals: Targeted anti-avoidance rule

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Computational rules for CGT from 6 April 2019

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Computational rules for CT from 6 April 2019

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Specific occasions where person was not chargeable before 6 April 2019

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Other specific provisions

hyperlink updated

NRCG and the exemptions: Disposals from 6 April 2019: Unascertainable consideration

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Interactions with Gifts hold-over and other reliefs

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Interactions with exit charges: Deemed disposals on exiting the UK

hyperlinks updated

NRCG and the exemptions: Disposals from 6 April 2019: Attribution of gains to other persons

hyperlinks updated

30 January 2020 published amendments

27 January 2020 published amendments

14 January 2020 published amendments

Roll-over relief: improvements: ESC D22 and ESC D24

Page Archived

Roll-over relief: fixed plant and machinery

Page Archived

Roll-over relief: land and buildings

Page Archived

Roll-over relief: land and buildings: occupied as well as used

Page Archived

Roll-over relief: land and buildings: let properties

Page Archived

Roll-over relief: options over land in the UK

Page Archived

Roll-over relief: licensed premises owned by brewers: general

Page Archived

Roll-over relief: satellites and spacecraft, ships and aircrafts

Page Archived

Intangible regime: roll-over relief for companies

Page Archived

Intangible regime: transitional arrangements for companies: disposal of assets within Classes 1, 2, 3 and 8 of TCGA 1992 s155/acquisition of goodwill or quota on or after 1 April 2002

Page Archived

Intangible regime: transitional arrangements for companies: disposal and acquisition of goodwill or quota

Page Archived

Intangible regime: IP reform: changes to roll-over relief for companies: examples

Page Archived

Roll-over relief: EC agricultural quotas

Page Archived

Roll-over relief: Lloyds underwriters: Lloyds syndicate capacity

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Particular assets: Contents

page update

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Common difficulties: Contents

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Form of relief: Contents

Page Archived

Roll-over relief: two or more trades carried on

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Qualifying use: Contents

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Claims and time limit: Contents

Page Archived

Roll-over relief: partnerships: general

Page Archived

Roll-over relief: Limited Liability Partnerships

Page Archived

Roll-over relief: dissolution of partnership: partition of land

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Partnerships: Contents

Page Archived

Roll-over relief: assets of individual used in trade of personal company

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Assets used in the trade of a family or personal company: Contents

Page Archived

Roll-over relief: non-resident person with UK branch/agency or permanent establishment

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Non-resident person with UK branch or agency or permanent establishment: Contents

Page Archived

Roll-over relief: furnished holiday lettings: general

Page Archived

Roll-over relief: furnished holiday lettings: only or main residence

Page Archived

Roll-over relief: Europe: set-aside scheme

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Furnished holiday lettings: Contents

Page Archived

Roll-over relief: part of gain not chargeable

Page Archived

Roll-over relief: interaction with other reliefs

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): Interaction with other provisions: Contents

Page Archived

Capital Gains Manual: Reliefs: Replacement of business assets (roll-over relief): contents

page structure updated

2019

23 December 2019 published amendments

Land: valuation: introduction: scope of chapter

Content updated, links added and merger of content.

Land: valuation: introduction: land includes buildings

Merger of content; page archived.

Land: valuation: introduction: interests in land

Merger of content; page archived.

Land: valuation: introduction: Valuation Office Agency

Merger of content; page archived.

Land: valuation: introduction: land in Northern Ireland

Merger of content; page archived.

Land: valuation: introduction: VOA advice must be relied on

Merger of content; page archived.

Land: valuation: introduction: Valuation Office Agency: assistance and advice

Merger of content; page archived.

Land: valuation: introduction: valuations must be referred to Valuation Office Agency

Merger of content; page archived.

Land: valuation: introduction: other valuation considerations

Merger of content; page archived.

Land: valuation: introduction: post transaction valuation check

Merger of content; page archived.

Land: valuation: Valuation Office Agency: no need to refer to

Content updated, links added and content merged.

Land: valuation: Valuation Office Agency: all other valuations to be referred

Page archived; merger of content.

Land: valuation: Valuation Office Agency: full information must be provided

Page archived; merger of content.

Land: valuation: Valuation Office Agency: multiple land valuation scheme

Page archived; merger of content.

Land: valuation: Valuation Office Agency: multiple land valuation scheme

Page archived; merger of content.

Land: valuation: Valuation Office Agency: small valuations: de minimis limit

Page archived; merger of content.

Land: valuation: Valuation Office Agency: small valuations: no need to refer

Page archived; merger of content.

Land: valuation: Valuation Office Agency: small valuations: no need to refer

Page archived; merger of content.

Land: valuation: apportionments: advice from the Valuation Office Agency

Content updated and merged.

Land: valuation: apportionments: amount and method of apportionment

Page archived; merger of content.

Page archived.

Land: valuation: basis of valuation: asset to be valued

Content updated and merged.

Land: valuation: basis of valuation: land held subject to tenancy

Merger of content; page archived.

Land: valuation: undivided shares: types of interest in land

Merger of content; page archived.

Land: valuation: undivided shares: interest in entirety

Merger of content; page archived.

Land: valuation: undivided shares: interest in undivided share

Merger of content; page archived.

Land: valuation: undivided shares: exceptions

Merger of content; page archived.

Land: valuation: spouses or civil partners holding land in undivided shares

Merger of content; page archived.

Land: valuation: undivided shares: example

Merger of content; page archived.

Land: valuation: undivided shares: report to Valuation Office Agency

Merger of content; page archived.

Valuation Office Agency procedures

Content updated; merger of contents.

Land: valuation: when to use form CG 20

Merger of content; page archived.

Land: valuation: when not to use a CG 20

Merger of content; page archived.

Land: valuation: pre-enquiry risk valuations

Merger of content; page archived.

Land: valuation: completion of form CG 20

Merger of content; page archived.

Land: valuation: CG 20: description of property to be valued

Merger of content; page archived.

Land: valuation: CG 20: description of property to be valued: buildings

Merger of content; page archived.

Land: valuation: CG 20: description of property disposed of

Merger of content; page archived.

Land: valuation: CG 20: description of taxpayers interest

Merger of content; page archived.

Land: valuation: CG 20: description of taxpayers interest

Merger of content; page archived.

Land: valuation: CG 20: plan of property

Merger of content; page archived.

Land: valuation: CG 20: leasehold property

Merger of content; page archived.

Land: valuation: CG 20: valuations required

Merger of content; page archived.

Land: valuation: CG 20: apportionment cases only

Merger of content; page archived.

Land: valuation: CG 20: other available information - tax effect

Merger of content; page archived.

Land: valuation: CG 20: other available information

Merger of content; page archived.

Land: valuation: CG 20: when to ask for ‘not negotiated’ valuation

Merger of content; page archived.

Land: valuation: CG 20: ‘not negotiated’ valuation: time limit

Merger of content; page archived.

Land: valuation: CG 20: ‘not negotiated’ valuation

Merger of content; page archived.

Land: valuation: ‘not negotiated’ valuation: VOA report

Merger of content; page archived.

Land: valuation: when and how to ask for a negotiated valuation

Merger of content; page archived.

Land: valuation: action by Valuation Office Agency: receipt of request for negotiated valuation

Merger of content; page archived.

Land: valuation: negotiated valuation

Merger of content; page archived.

Unagreed valuation

Content updated and merged.

Land: valuation: unagreed: referral to Lands Tribunal

Merger of content; page archived.

Land: valuation: unagreed: no possible tax effect

Merger of content; page archived.

Land: valuation: unagreed: current tax effect

Merger of content; page archived.

Land: valuation: unagreed: Lands Tribunal warning letter

Merger of content; page archived.

Land: valuation: unagreed: Lands Tribunal warning letter

Merger of content; page archived.

Land: valuation: unagreed: check on form CG22

Merger of content; page archived.

Land: valuation: unagreed: check not satisfactory

Merger of content; page archived.

Land: valuation: unagreed: check satisfactory

Merger of content; page archived.

Land: valuation: unagreed: report to Capital Gains Technical Group

Merger of content; page archived.

Land: valuation: unagreed: action by Capital Gains Technical Group

Merger of content; page archived.

Land: valuation: unagreed: further report to Capital Gains Technical Group

Merger of content; page archived.

Land: valuation: unagreed: action by Capital Gains Technical Group

Merger of content; page archived.

Land: valuation: unagreed: action by Capital Gains Technical Group

Merger of content; page archived.

Land: valuation: unagreed: check of case for Lands Tribunal

Merger of content; page archived.

Land outside United Kingdom

Content updated and merged.

Corrected title.

Land: valuation: land outside United Kingdom: procedure

Merger of content; page archived.

Page archived.

Land: valuation: land outside United Kingdom: submission

Merger of content; page archived.

Page archived.

Capital Gains Manual: Land: Land valuation procedures: contents

Contents updated.

Capital Gains Manual: Land: Land valuation procedures: Introduction: contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Valuations which must be referred to the Valuation Office Agency: contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Apportionments: Contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Basis of valuation: contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Form CG20 and valuation office procedures: contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Valuations reported unagreed: contents

Page archived.

Capital Gains Manual: Land: Land valuation procedures: Valuations of land outside the United Kingdom: contents

Page archived.

20 December 2019 published amendments

Capital Gains Manual: Reliefs: Private residence relief: Identification of the dwelling-house: Contents

guidance update

Private residence relief: identification of the dwelling-house: introduction

guidance update

Private residence relief: the importance of identifying the entity of the dwelling house

Guidance update

Private residence relief: the entity of the dwelling-house: decided cases

guidance update

Private residence relief: the entity of the dwelling-house: curtilage

Guidance update

Private residence relief: the entity of the dwelling-house: appurtenance

guidance update

Private residence relief: the entity of the dwelling-house: other considerations when applying the curtilage test

Guidance update

Private residence relief: the entity of the dwelling-house: advice of Valuation Office Agency

Guidance update

Private residence relief: the entity of the dwelling-house: urban dwelling houses and garages

Guidance update

Private residence relief: the entity of the dwelling house: dwelling-house is the whole building

Guidance update

Private residence relief: the entity of the dwelling house: dwelling-house in part of a building: flats

Guidance update

link update

Private residence relief: the entity of the dwelling-house: dwelling house in part of a building: self contained units

Guidance update

Private residence relief: the entity of the dwelling-house: part of the building let

Link updated

Private residence relief: the entity of the dwelling-house: building not a dwelling house

guidance update

Private residence relief: the entity of the dwelling-house: caravans

links updated

Private residence relief: the entity of the dwelling house: boats

Page republished

19 December 2019 published amendments

Definitions: depositary receipts

Depository receipts guidance - new mention of implication for share pooling and minor changes to signposting within the page.

16 December 2019 published amendments

Migration of companies: arrivals in UK: becoming resident in UK

Additional text to deal with tax base cost where a company migrates to the UK from an EU state on or after 1 January 2020.

Company migration to UK - flagging non-resident CG charge & guidance, other minor changes.

Death and Personal Representatives: Variation of the devolution of an estate: Instruments of variation: Variations: instruments of variation: general

Update following STEP query on contradiction with guidance at CG31630

12 December 2019 published amendments

Valuation: unquoted shares: cases where a valuation has been applied without reference to SAV

link update

Close companies: apportionment: effect of TCGA92 S124: later distributions

Page Archived, content merged into CG57001

Close companies: apportionment: liquidations: ESC A36

Page Archived, content merged into CG57001

Close companies: apportionment: identification

Page Archived, content merged into CG57001

Page Archived, content merged into CG57001/2

Close companies: apportionment: higher rates of tax

Page Archived, content merged into CG57001/2

Page archived, content merged with CG57101/2

Close companies: apportionment: trusts and personal representatives

Page archived, content merged with CG57101/2

Close companies: apportionment: trusts and personal representatives

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: general

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: general

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: effect of TCGA92 S125

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: Asset held at 31/3/82

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: groups of companies

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: employee trusts

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: shareholder is close company

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: transferee participator

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: employees

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: procedure

Page archived, content merged with CG57101/2

Close companies: transfers at undervalue: procedure

Page archived, content merged with CG57101/2

11 December 2019 published amendments

Compensation: displaced tenants: business tenancies

Update references to section 38 of the Landlord & Tenant Act 1954 as these have now been amended by section 38A of that act.

Relief for Gifts of Business Assets: Restrictions on Relief

Amended to correct discussion of section 167A

10 December 2019 published amendments

Securities: Accrued Income Scheme: general

Guidance update

Securities: Accrued Income Scheme: securities affected

Page archived, content merged with CG54500

Securities: Accrued Income Scheme: start date

Page archived, content merged with CG54500

Securities: Accrued Income Scheme: transfers

Page archived, content merged with CG54500

Securities: Accrued Income Scheme: transfer with accrued interest

Guidance update

Securities: Accrued Income Scheme: transfer with accrued interest

Page archived, content merged with CG54504

Securities: Accrued Income Scheme: transfer without accrued interest

Guidance update

Securities: Accrued Income Scheme: transfer without accrued interest

Page archived, content merged with page CG54506

Securities: Accrued Income Scheme: disposals which are not transfers

Guidance update

Securities: Accrued Income Scheme: transfer with unrealised interest

Guidance update

Securities: Accrued Income Scheme: conversion of securities

Guidance update

Securities: Accrued Income Scheme: conversion of securities

Page archived, content merged with CG54510

Securities: Accrued Income Scheme: conversion of securities

Page archived, content merged with CG54510

Capital Gains Manual: Shares and Securities: Securities: accrued income scheme: contents

Pages archived

Land: disposals: ESC D18

Guidance update

Land: disposals: ESC D18: example

Page archived, content merged with CG72830

Land: disposals: ESC D18 does not apply

Page archived, content merged with CG72830

Capital Gains Manual: Land: Disposals of land: consideration due after date of disposal: Extra-statutory concession D18: contents

Page archived, CG72830 moved to CG72800C

Capital Gains Manual: Land: Disposals of land: consideration due after date of disposal: contents

Page restuctured

PEPs and ISAs schemes: general

Guidance update

Investment trusts: general

Page archived, content merged with CG57600

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: Personal Equity Plan scheme and Investment trusts: contents

Page archived, CG57600 moved to CG56800C

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: contents

Page restructure

8 December 2019 published amendments

Housing associations

Merger and update of contents.

Housing associations: housing action trusts

Content merged. Page archived.

Housing associations: gifts to housing associations

Content merged. Page archived.

Housing associations: disposals by

Content merged. Page archived.

Capital Gains Manual: Land: Housing associations: contents

Page archived as index no longer required.

Page archived.

Capital Gains Manual: Land: contents

Contents links updated.

5 December 2019 published amendments

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: Close companies: special rules for shares

Noting pages to be archived following consolidation

Noting content to be archived as relevant content moved to CG47101 & 47102

Furnished holiday lettings: general

Several pages merged, links updates and various references updated.

Furnished holiday lettings: other points

Merged content.

Page archived.

Furnished holiday lettings: trade purposes throughout chargeable period

Merged content.

Page archived.

Capital Gains Manual: Land: contents

Contents updated.

Capital Gains Manual: Land: Furnished holiday lettings: contents

Merger of contents.

Page archived.

3 December 2019 published amendments

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: Close companies: special rules for shares

Close companies rules content updated and consolidated

Close companies: special rules for shares

Revised introduction to compressed content

The legacy of close company apportionment for CGT

Guidance on S124 TCGA refreshed and consolidated

21 November 2019 published amendments

Quoted options to subscribe for shares, traded and financial options: income or CG

Guidance update

Restrictions: capital losses: introduction: general

Page archived, content merged with CG47000

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: general

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: general

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: general: FA2000 changes

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: general: FA2006 changes

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: general: FA2006 changes

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: layout of instructions

Page archived, content merged with CG47000/ CG47001

Restrictions: capital losses: introduction: layout of instructions: pre 16 March 1993 gains

Page archived, content merged with CG47000/ CG47001

15 November 2019 published amendments

13 November 2019 published amendments

8 November 2019 published amendments

4 November 2019 published amendments

Individuals: Losses: assessment

Guidance update

Individuals: losses: Relief for losses: examples 1 to 5

Guidance update

Individuals: losses: Relief for losses: summary of rules: unused losses

Page archived material merged into CG21500

Individuals: losses: Relief for losses: losses in year of death

Page archived material merged into CG21500

Individuals: losses: Relief for losses: losses in year of death

Page archived material merged into CG21500

Individuals: losses: Losses and annual exempt amounts

Page archived material merged into CG21500

Individuals: losses: Losses and annual exempt amounts: losses brought forward and losses of year of death

Page archived material merged into CG21500

Individuals: losses: Losses: set off from 2010-11

Page archived material merged into CG21500

Individuals: losses: Losses: set off from 2010-11 onwards: example

Page archived material merged into CG21520

Individuals: losses: Losses: set off from 2010-11 onwards: limitations on loss set-off

Page archived material merged into CG21500

Individuals: losses: Losses: set off from 2010-11: limitations on loss set-off: example

Page archived material merged into CG21520

Individuals: losses: Losses: set off from 2010-11 onwards: losses carried forward or carried back: example

Page archived material merged into CG21500

Individuals: losses: Relief for losses: example 3

Page archived material merged into CG21520

Individuals: losses: contents

page restructured

Settlor trusts: computations: personal losses: 2003-04 onwards

Guidance update

Capital Gains Tax: rates of tax – before 6 April 2016

Guidance update

Introduction and computation: annual exempt amount: introduction: Annual exempt amount: general

Guidance update

Rates of tax: introduction

Guidance update

Capital Gains manual: individuals: rates of tax: contents

guidance update

Losses: allowable losses

Guidance update

Losses: deduction of trading losses

Guidance update

Losses: deduction of post-cessation expenditure

Guidance update

Losses: deduction for post-employment liabilities

Guidance update

Losses: example: effect of claims under both Section 261D and Section 263ZA

Guidance update

Losses: restriction of loss relief: non-residents

Guidance update

Losses: relief for loans to traders

Guidance update

Losses: investment in unsuccessful trading companies

Guidance update

Losses: targeted anti-avoidance rule from 6 December 2006

Guidance update

Losses: to be deducted or carried forward

Page archived, contents merged into CG15800

Losses: carried back

Page archived, contents merged into CG15800

Losses: quantification of loss accruing in pre-SA years

Page archived, contents merged into CG15800

Losses: quantification of loss accruing in SA years

Page archived, contents merged into CG15800

Losses: restriction of loss relief: non-domiciled individuals

Page archived, contents merged into CG21500

Capital Gains manual: introduction and computation: computation: losses: contents

Page Restructure

25 October 2019 published amendments

24 October 2019 published amendments

Business Asset Disposal Relief: qualifying disposals by individuals

added a heading to emphasise the partnership section and added a line to show that partners can qualify where a partnership disposes of shares

23 October 2019 published amendments

Non-resident companies: non-resident group

Page archived, material merged into CG57400

Non-resident companies: non-resident group: Reliefs for: non-resident groups

Guidance update

Non-resident companies: non-resident group: degrouping charges

Guidance update

Non-resident companies: non-resident group: TCGA92/S14*: UK resident

Guidance update

Non-resident companies: compliance

Guidance update

Indexation: from 6/4/88 adjustments to expenditure

Guidance update

Effects of residence/domicile: residence etc: losses

Guidance update

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: Charge on members of non-resident companies: contents

Pages archived

Non-resident companies: non-resident group

Link update

Non-Resident Capital Gains Tax (NRCGT) - Disposals from 6 April 2015 to 5 April 2019: Introduction: Non-resident CGT - when and why it was introduced

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Some key features of legislation

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Non-resident CGT disposal

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Charge to non-resident CGT, and use of losses

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Exemptions from charge

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: "Widely-marketed scheme" test

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Divided or 'Protected Cell' Companies

Guidance update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Anti-Avoidance provision

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Allowable losses

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Attribution of gains to other persons

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Introduction

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Company's profits for corporation tax purposes to include chargeable gains

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Elections to join pooling groups

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Computation, broad principles

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Relevant high value disposals, changes to legislation linking with non-resident CGT provisions

Guidance update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Sch 4ZZB/Part 4, NRCGT disposals in cases involving relevant high value disposals

Guidance update

Foreign currency: debts in currency owing to non-domiciled persons - for periods up to 5 April 2012

Guidance update

22 October 2019 published amendments

18 October 2019 published amendments

Non-resident companies: exemptions

Guidance update

link updates

anchors updated

link update

.

Non-resident companies: exemptions: assets used for trading carried on outside the UK

Page archived content merged with CG57305

Non-resident companies: exemptions: foreign currency and currency bank accounts: TCGA92/S13(5)(c)

Page archived content merged with CG57305

Non-resident companies: exemptions: UK permanent establishment: TCGA92/S13(5)(d)

Page archived content merged with CG57305

Non-resident companies: exemptions: furnished holiday accommodation

Page archived content merged with CG57305

Capital Gains Manual: Shares and Securities: Particular types of company/organisation: Charge on members of non-resident companies: contents

Pages merged and archived

Non-resident companies: basic conditions for TCGA92/S13: the company

Link updates

Non-resident companies: TCGA92/S13*: amount assessable

Link updates

.

Non-resident Company: exemptions: Economically Significant Activities - for 2012-13 and later years - practical considerations

Guidance update

Non-resident Company: exemptions: disposal of assets where the arrangements did not involve a tax avoidance motive - for 2012-13 and later years

Guidance update

Non-resident companies: capital dividends/distributions of gains

Page archived

Non-resident companies: gains accruing on/after 28/11/95: outline of tax credit relief

Guidance update

Non-resident companies: time limit for distribution of gains

Page archived content merged with CG57351

Non-resident companies: quantifying tax set-off available following capital dividends or distributions

Guidance update

Non-resident companies: examples of relief under TCGA92/S13(5A) on a distribution to participators

Page archived content merged with CG57360

Non-resident companies: examples of relief: TCGA92/S13(5A): company dissolved: payment to participators

Page archived content merged with CG57360

Non-resident companies: tax adjustment and reliefs: disposal of interest by UK resident participator

Guidance update

Non-resident companies: disposal of interest/shares by UK resident

Page archived content merged with CG57370

Non-resident companies: tax adjustment and reliefs: tax relief ordering rules

Guidance update

Non-resident companies: exemption for pension schemes

Guidance update

Non-resident companies: tax adjustment and reliefs: double taxation agreements

Guidance update

Non-resident companies: double taxation agreements: overseas tax payable by non-resident company

Guidance update

Non-resident companies: double taxation agreements: tax credit relief

Page archived content merged with CG57381

Non-resident companies: double taxation agreements: tax deducted in computing gain

Page archived content merged with CG57381

Non-resident companies: double taxation agreements: foreign tax paid by a non-resident company

Page archived content merged with CG57381

Non-resident companies: double taxation agreements: Payment of UK tax by non-resident company

Guidance update

Non-resident companies: tax adjustment and reliefs: non-resident trustees

Guidance update

Non-resident companies: non-resident group

Guidance update

Link updates

16 October 2019 published amendments

Non-resident companies: attribution of gains to participants

Guidance update

Non-resident companies: layout of guidance

Page archived 

Non-resident companies: TCGA92/S13: liaison with other offices

Page archived material merged to CG57213

Shares and Securities: Particular types of company/organisation: Charge on members of non-resident companies: Non-resident companies: reports and liaison

Guidance update

Non-resident companies: basic conditions for TCGA92/S13: beneficiaries: TCGA92/S13(4)

Page archived material merged with CG57220

Non-resident companies: basic conditions for TCGA92/S13: the company

Guidance update

Non-resident companies: basic conditions for TCGA92/S13: the participator

Page archived content merged with CG57220

Non-resident companies: TCGA92/S13*: participators’ fractional interests

Guidance update

Non-resident companies: TCGA92/S13*: amount assessable

Guidance update

Non-resident companies: charge under TCGA92/S13: examples

Pace archived content merged with CG57275

Non-resident companies: computation of TCGA92/S13 charge: example 1

Pace archived content merged with CG57275

Non-resident companies: computation of TCGA92/S13 charge: example 2

Pace archived content merged with CG57275

Non-resident companies: computation of TCGA92/S13 charge: example 3

Pace archived content merged with CG57275

Non-resident companies: computation of TCGA92/S13 charge: example 4

Pace archived content merged with CG57275

Non-resident companies: indirect interests: introduction

Guidance update

Non-resident companies: indirect interests: UK resident shareholder in the chain of participators

Page archived contents merged with CG57290

Non-resident companies: losses: - general

Guidance update

Non-resident companies: losses: years of assessment

Page archived content merged with CG57295

Non-resident companies: exemptions

Guidance update

Technical Help For HMRC Staff

guidance update

Redaction Operational guidance for HMRC staff only

Operational guidance for HMRC staff only

15 October 2019 published amendments

Annual exempt amount: taxable amount: losses

Guidance update

Annual exempt amount: taxable amount: losses 1998-99 onwards

Page archived material now in CG18031

Capital Gains manual: introduction and computation: annual exempt amount: introduction: contents

Page CG18032 archived material now in CG18031

Effects of residence and domicile: diplomatic immunity; visiting forces: EU officials etc

Guidance update

Effects of residence/domicile: visiting Forces

Guidance update

Effects of residence/domicile: European Community Officials

Grammar corrections

Non residents with a UK branch or agency

Guidance update

Non residents with a UK branch or agency: disposals

Guidance update

Non residents with a UK branch or agency - individuals - arrivals to and departures from the UK

Guidance update

Non residents with a UK branch or agency: deemed disposals

Guidance update

Non residents with a UK branch or agency: obtaining advice

Page Archived

Capital Gains manual: individuals: effects of residence, ordinary residence and domicile: trades, professions or vocations carried on in the UK through a branch or agency by individuals who are not resident and not ordinarily resident: contents

Page CG25540 Archived

What is a non-resident settlement?

Guidance update

Charges in respect of non-resident settlements

Guidance update

Calculation of trustees’ gains - TCGA92/S86

Guidance update

The charge on the settlor - TCGA92/S86

Guidance update

Temporary non-residence - the problem - TCGA92/S86

Guidance update

Temporary non-residence - the solution

Guidance update

Charge on beneficiary of a non-resident settlement - outline

Guidance update

Trustees - TCGA92/S87

Guidance update

Migrating settlements - TCGA92/S87

Guidance update

Beneficiary - TCGA92/S87

Guidance update

Trustees’ gains - section 2(2)* amount

Guidance update

Trustees' gains - TCGA92/S13*

Guidance update

Trustees' gains - offshore income gains

Guidance update

Trustee’s’ gains – carried interest

Guidance update

Capital payments - absolute entitlement

Guidance update

Capital Gains Manual: Trusts and Capital Gains Tax: Non-resident trusts: Charge on beneficiary of non-resident settlement – TCGA92/S87: Capital Payments: "Received from the trustees" - case law

Guidance update

Capital payment to non-resident close company not controlled by UK resident persons

Guidance update

Calculating the TCGA/S87 gain

Guidance update

Matching capital payments - other charges - order of priority

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Introduction to new rules for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Disregard of Capital Payments to non-residents for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Interaction of a Temporary period of non-residence and disregarded capital payments for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Capital Payment treated as received by settlor where the Close Family Member rule applies for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Capital Payments and onward gifts rules for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Capital Payments and onward gifts – relevant parts of payment from which onward gift derived – rules for 2018-19 and later years

Guidance update

Charge on beneficiary of non-resident settlement – TCGA92/S87: Further Examples for 2018-19 and later years

Guidance update

Charities

Guidance update

The charge to Capital Gains Tax

Guidance update

Double Taxation Relief

Guidance update

Increase in the rate of Capital Gains Tax - TCGA92/S87

Guidance update

Increase in rate of Capital Gains Tax: example

Guidance update

Non-UK domiciled beneficiaries - remittance basis

Guidance update

Remittance basis - when are section 87 gains remitted to the UK?

Guidance update

Remittance basis and section 87 gains: conferring a benefit - example

Guidance update

Non-UK domiciled beneficiary: revaluation to 6 April 2008 - election under paragraph 126 of Schedule 7 FA 2008

Guidance update

Paragraph 126 elections: when does the election apply?

Guidance update

Paragraph 126 elections: what is the effect of the election?

Guidance update

FA08/Sch7/para126 and section 13 TCGA

Guidance update

FA08/Sch7/para126 and section 13* gains - example

Guidance update

FA08/Sch7/para126 and transfers between settlements owning non-UK resident companies

Guidance update

Transfers between settlements - introduction

Guidance update

Transfers between settlements - when section 90 does not apply

Guidance update

Transfers between settlements - calculating the section 2(2)* amounts transferred

Guidance update

Transfers between settlements: impact on section 2(2)* amounts of transferee settlement

Guidance update

TCGA92/S90 - order of matching if capital payments made out of transferor settlement in year of transfer - example

Guidance update

TCGA92/Sch4B - applies only to non-resident settlements

Guidance update

TCGA92/Sch4B - tax charge

Guidance update

TCGA92/Sch4C - attribution of TCGA92/Sch4B gains to beneficiaries - history

Guidance update

11 October 2019 published amendments

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Introduction

title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Some key features of legislation

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Non-resident CGT disposal

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Charge to non-resident CGT, and use of losses

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Exemptions from charge

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: "Closely-held company" test

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: "Widely-marketed scheme" test

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Divided or 'Protected Cell' Companies

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Anti-Avoidance provision

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Qualified institutional investor

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Introduction

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Disposals of UK Residential Property Interests

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Meaning of "dwelling"

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Student accommodation

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Damage to a dwelling

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Disposal of a building that has undergone demolition or conversion to non-residential use

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: Building land and off-plan disposals

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Introduction

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Allowable losses

Title update

Non-Resident Capital Gains Tax (NRCGT)–Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Death: general provisions

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Deemed disposals on exiting the UK

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Existing CGT provisions for individuals chargeable to Non-resident CGT: Attribution of gains to other persons

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Computation: General scope

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Computation: Default method

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Default method computation, examples

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Election for other forms of computation to apply in place of default method

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Election for 'straight-line time apportionment' basis of computation

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Straight-line apportionment computation, examples

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Cases where asset acquired after 5 April 2015, or election made for retrospective basis of computation

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Cases where asset acquired after 5 April 2015, or election made for retrospective basis of computation, examples

Title upate

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Other new provisions for individuals: Interest subsisting under contract for off-plan purchase

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Other new provisions for individuals: Unascertainable consideration

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Other new provisions for individuals: Computation of unascertainable consideration, examples

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Introduction

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Company's profits for corporation tax purposes to include chargeable gains

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Reconstruction involving transfer of business

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Non-resident CGT disposals: roll-over relief

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Relief for gifts of business assets

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Gifts to non-residents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Gifts to foreign-controlled companies

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Gifts of UK residential property interests to non-residents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Companies migrating from the UK - deemed disposal of UK residential property interest

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Gifts on which inheritance tax is chargeable

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Gifts of UK residential property interests to non-residents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Pooling of NRCGT gains and losses

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Elections to join pooling groups

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Charging non-resident CGT gains of pooling groups

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Companies joining and leaving pooling groups

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Obligations of "responsible members" and "representative company"

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Non-Resident CGT Disposals, Gains and Losses - Special Rules for Companies

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Indexation

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Companies: Special rules: Computations involving companies, example

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Introduction

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Computation, broad principles

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Relevant high value disposals, changes to legislation linking with non-resident CGT provisions

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Sch 4ZZB/Part 4, NRCGT disposals in cases involving relevant high value disposals

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Disposal of assets held at 5 April 2015 (where no election made and no rebasing in 2016 required)

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Pre-April 2015 assets computations, examples

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Post April 2015 assets and retrospective basis of computation, examples

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Certain disposals after 5 April 2016 (computation involving additional rebasing in 2016)

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Post April 2016 disposals computations, example

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Amount of gain or loss that is neither ATED-related nor an NRCGT gain or loss

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Gain or loss not ATED-related or NRCGT computations, examples

title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Relevant high value disposal and 'other' disposal comprised in disposal of land

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Interest under contract for 'off-plan' purchase

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Wasting assets for purposes of Sch 4ZZB

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: Capital allowances for purposes of Sch 4ZZB

Title update

Introduction and computation: annual exempt amount: introduction: Annual exempt amount: general

Guidance update

Annual exempt amount: exploitation

Grammar corrected

Annual exempt amount: qualifying persons: the main exemption

Grammar corrected

Annual exempt amount: qualifying persons: the trust exemption

Grammar corrected

Introduction and computation: Annual exempt amount: Introduction: annual exempt amounts

Guidance update

Annual exempt amount: losses

Guidance update

Annual exempt amount: taxable amount: losses

Guidance update

Annual exempt amount: taxable amount: cases involving losses and attributed gains

Guidance update

Annual exempt amount: losses of other years and attributed gains

Guidance update

guidance update

Annual exempt amount: taxable amount: losses 1998-99 onwards

Page archived material now in CG18031

9 October 2019 published amendments

Assets held on 6/4/65: additional expenditure after 5/4/65

Page material archived see CG10100

Assets held on 6/4/65: transferred to close companies

Page material archived see CG10100

Assets held on 6/4/65: part-disposal before 6/4/65

Page material archived see CG10100

Assets held on 6/4/65: part-disposals after 5/4/65

Page material archived see CG10100

Assets held on 6/4/65: part-disposals after 5/4/65: example

Page material archived see CG10100

Assets held on 6/4/65: part-disposals after 5/4/65: example

Page material archived see CG10100

Assets held on 6/4/65: part-disposals after 5/4/65: example

Page material archived see CG10100

Assets held on 6/4/65: only or main residence

Page material archived see CG10100

Assets held on 6/4/65: asset derived from another asset

Page material archived see CG10100

Assets held on 6/4/65: asset derived from another asset: example

Page material archived see CG10100

Assets held on 6/4/65: asset acquired under an option

Page material archived see CG10100

Capital Gains manual: introduction and computation: computation: assets held on 6 April 1965: contents

Page contents archived

Contents of archived pages in CG15500

Contents page archived, material is covered in CG15500

Capital Gains Manual: Land: Non-Resident Capital Gains Tax (NRCGT) - Disposals from 6 April 2015 to 5 April 2019: contents

Page Restructure

Page rearrangement

Capital Gains Manual: Land: Non-Resident Capital Gains Tax (NRCGT) - Disposals on or after 6 April 2015: Introduction: Contents

Page Archived as CG73700 moved to content page

Non-Resident Capital Gains Tax (NRCGT) - Disposals from 6 April 2015 to 5 April 2019: Introduction: Non-resident CGT - when and why it was introduced

Title update

Non-Resident Capital Gains Tax (NRCGT) - Disposals from 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions

Title update

Land: Non-Resident Capital Gains Tax (NRCGT) - Disposals from 6 April 2015 to 5 April 2019: Disposals of a UK Residential Property Interest: contents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals from 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: contents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals from 6 April 2015 to 5 April 2019: Companies: Special rules: contents

Title update

Non-Resident Capital Gains Tax (NRCGT) – Disposals from 6 April 2015 to 5 April 2019: Interaction between Non-Resident CGT and ATED-related CGT: contents

Title update

8 October 2019 published amendments

Groups: alternative collection rights: from 1 April 2000

Guidance update

Roll-over relief: TCGA92/S152

Spelling error corrected

Roll-over relief: two or more trades carried on

spelling error corrected

Roll-over relief: extension of time limit: compulsory acquisition: SP D6

spelling error corrected

Roll-over relief: assessment and postponement

spelling error corrected

Roll-over relief: declaration of intention to reinvest

Spelling error corrected

Roll-over relief: fixed plant and machinery

Spelling error corrected

Roll-over relief: satellites and spacecraft, ships and aircrafts

spelling error corrected

Roll-over relief: furnished holiday lettings: general

Spelling error corrected

Roll-over relief: part of gain not chargeable

spelling error corrected

Roll-over relief: interaction with other reliefs

spelling errors corrected

Roll-over relief: reorganisations of constituencies: general

grammar changes

Roll-over relief: reorganisations of constituencies: successor association

grammar changes

Roll-over relief on transfer of shares to Share Incentive Plan: disposal conditions: trustees’ 10 percent stake

grammar changes

Roll-over relief on transfer of shares to Share Incentive Plan: relief not available: re-acquisition of shares

grammar corrections

Roll-over relief on transfer of shares to Share Incentive Plan: replacement assets

grammar corrections

Roll-over relief on transfer of shares to Share Incentive Plan: computing relief

Grammar corrections

Roll-over relief on transfer of shares to Share Incentive Plan: allowing full relief

Grammar corrections

Roll-over relief on transfer of shares to Share Incentive Plan: special cases: excluded assets

Grammar corrections

Roll-over relief on transfer of shares to Share Incentive Plan: special cases: excluded assets: EIS

grammar corrections

Relief for Gifts of Business Assets: The Donee

Guidance update

Relief for Gifts of Business Assets: Qualifying Assets

Guidance update

Relief for Gifts Subject to Inheritance Tax: The Donee

Guidance update

Relief for Gifts Subject to Inheritance Tax: Qualifying Disposals

Guidance update

Payment of tax: by instalments

Guidance update

Assets held on 6/4/65

Guidance update

link update

Assets held on 6/4/65: introduction

Page archived see CG10100.

Assets held on 6/4/65: capital allowances

Page archived see CG10100

Assets held on 6/4/65: historical cost

Page archived see CG10100

Assets held on 6/4/65: election for valuation on 6/4/65 irrevocable

Page archived see CG10100

Assets held on 6/4/65: submission to valuer

Page archived see CG10100

Assets held on 6/4/65: formal election

Page archived see CG10100

Assets held on 6/4/65: time limit

Page archived see CG10100

Assets held on 6/4/65: late elections

Page archived see CG10100

Assets held on 6/4/65: charge under TCGA92 S178

Page archived see CG10100

Assets held on 6/4/65: restriction of losses

Page archived see CG10100

Assets held on 6/4/65: part-disposals

Page archived see CG10100

Assets held on 6/4/65: land with development value

Page archived see CG10100

Assets held on 6/4/65: time-apportionment formula

Page archived see CG10100

Assets held on 6/4/65: time-apportionment formula: example

Page archived see CG10100

Assets held on 6/4/65: additional expenditure

Page archived see CG10100

Assets held on 6/4/65: relevant date

Page archived see CG10100

Assets held on 6/4/65: relevant date: example

Page archived see CG10100

Assets held on 6/4/65: alternative apportionment of overall gain

Page archived see CG10100

Assets held on 6/4/65: alternative apportionment of overall gain: example

Page archived see CG10100

Assets held on 6/4/65: limit of period of apportionment

Page archived see CG10100

25 September 2019 published amendments

23 September 2019 published amendments

16 September 2019 published amendments

11 September 2019 published amendments

10 September 2019 published amendments

Employee shareholder shares: CG-exemption

Updated to show that relief was repealed by FA 2017.

2 September 2019 published amendments

Deferred consideration: shares and securities: example

Republished to get page to appear on gov.uk

29 August 2019 published amendments

Returns: individuals, personal representatives, trustees

Spelling error updated

Deferred consideration: shares and securities: introduction

Page Archived 

Deferred consideration: shares and securities: layout of instructions

Page Archived 

Deferred consideration: shares and securities: issue of shares/debentures

Page Archived 

Deferred consideration: shares and securities: amounts brought into account by TCGA92/S48

Page Archived

Deferred consideration: shares and securities: example

Page Archived

Deferred consideration: shares and securities: rights acquired pre-26/4/88

Page Archived

Deferred consideration: shares and securities: example

Page Archived

Deferred consideration: shares and securities: example

Page Archived

Deferred consideration: shares and securities: example

Page Archived

Deferred consideration: shares and securities: qualifying claimant

Page Archived

Deferred consideration: shares and securities: takeover during earn-out period

Page Archived

Deferred consideration: shares and securities: no deferred consideration

Page Archived

Deferred consideration: shares and securities: example

Page Archived

Deferred consideration: shares and securities: transitional provisions

Page Archived

Deferred consideration: shares and securities: legislation deemed always to have existed

Page Archived

Deferred consideration: shares and securities: rights conferred before 26 November 1996

Page Archived

Deferred consideration: shares and securities: restriction where liability final

Page Archived

Deferred consideration: shares/securities: notifications made prior to royal assent

Page Archived

Deferred consideration: shares/securities: Notifications made prior to royal assent

Page Archived

Deferred consideration: shares/securities: Notifications made prior to royal assent

Page Archived

Capital Gains Manual: Shares and Securities: Particular types of transaction: Deferred consideration: shares and securities: contents

Guidance update pages archived

Guidance update

Addition of new pages

Deferred consideration: shares and securities: earn-out rights

Guidance update

Deferred consideration: shares and securities: TCGA92/S138A elections

Guidance update

Deferred consideration: shares and securities: variation of sale agreement

Guidance update

Deferred consideration: shares/securities: rights partially qualify

Guidance update

Deferred consideration: shares and securities: later payments cash only

Guidance update

Deferred consideration: shares and securities: no deferred consideration

Guidance update

Deferred consideration: shares and securities: what to consider

Guidance update

Deferred consideration: shares and securities: example

Guidance update

Deferred consideration: shares and securities: example

Guidance update

Deferred consideration: shares and securities: example

Guidance update

Deferred consideration: shares and securities: TCGA92/S138A does not apply: example

Guidance update

Chattels: examples: jointly owned chattels

Page Archived

Chattels: examples: marginal relief

Page Archived

Chattels: examples: losses

Page Archived

Chattels: sets of assets: sets and collections

Page Archived

Chattels: sets of assets: manuscripts and archives

Page Archived

Chattels: sets of assets: what Information to Include

Page Archived

Chattels: sets of assets: unagreed cases: report to Capital Gains Technical Group

Page Archived

Capital Gains Manual: Chattels and other assets: Chattels and wasting assets: Chattels: contents

Pages archived removed from content page

Chattels: introduction

Addition of hyperlink

Chattels: exempt and chargeable gains: disposal consideration

Addition of hyperlink

Chattels: losses

Hyperlink updated

Chattels: sets of assets: special rules

hyperlink updated

Chattels: help on identifying sets

Guidance update

Hyperlinks updated

Private residence relief: only or main residence: two or more residences: time limit for nominating

Guidance update

28 August 2019 published amendments

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Assessments and payment of tax: Contents

Page Archived content now covered in CG66450C

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Gifts before 14March 1989: contents

Page Archived content now covered in CG66450C

Gifts: hold-over relief: general points

Page Archived content now covered in CG66450C

Gifts: hold-over relief: form CG 130

Page Archived content now covered in CG66450C

Gifts: hold-over relief: partial claims

Page Archived content now covered in CG66450C

Gifts: hold-over relief: spouses or civil partners: transfer assets: separation, divorce or dissolution of civil partnership

Page Archived content now covered in CG66450C

Gifts: Tax: hold-over relief

Page Archived content now covered in CG66450C

Gifts: hold-over relief: consideration

Page Archived content now covered in CG66450C

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Hold-over relief: general points: contents

Page Archived content now covered in CG66450C

Gifts: hold-over relief: recovering the gain: introduction

Page Archived content now covered in CG66450C

Gifts: Hold-over relief: recovering held-over gains

Page Archived content now covered in CG66450C

Gifts: hold-over relief: recovering held-over gain: procedures

Page Archived content now covered in CG66450C

Gifts: hold-over relief: employment abroad

Page Archived content now covered in CG66450C

Gifts: hold-over relief: assessing the donee

Page Archived content now covered in CG66450C

Gifts: hold-over relief: assessing the donor

Page Archived content now covered in CG66450C

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Hold-over relief: recovering the gains: Contents

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: disposals qualifying for relief: outline

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts immediately chargeable to Inheritance Tax

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: potentially exempt xfers

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: specific exemptions from Inheritance Tax: outline

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: accumulation/maintenance trusts

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: trusts for bereaved minors and age 18 to 25 trusts

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: where to find help and cases of doubt

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: Relief for Inheritance Tax paid

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: Relief for Inheritance Tax paid: liaison with Specialist PT - IHT

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: Finance Act 2004 changes: gifts to settlor-interested settlements and settlements that become settlor-interested: outline

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee is settlor-interested settlement immediately after disposal

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: relevant individual has interest in settlement immediately after disposal: intermediate gifts

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: transferee becomes settlor-interested settlement before hold-over relief is obtained

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions relating to property

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: definitions: "relevant disposal", "clawback period", "material time"

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: claw back of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to settlor-interested settlements: exceptions to general rule

Page Archived content now covered in CG66450C

Gifts: Inheritance Tax: gifts to certain settlements: information power

Page Archived content now covered in CG66450C

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Hold-over relief: valuations: Contents

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: introduction

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: when relief available

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: when relief not available

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: how to obtain relief

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: form of claim

Page Archived content now covered in CG66450C

Gifts: gifts of business assets: late claims

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee is settlor-interested settlement immediately after disposal

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement immediately after disposal

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement before hold-over relief is obtained

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement before hold-over relief is claimed

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to settlor-interested settlements: donee becomes settlor-interested settlement after hold-over relief obtained

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to non settlor-interested settlements: relevant individual has interest in settlement after hold-over relief obtained

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "settlor-interested settlement", "settlor", "interest in settlement", "arrangement" and "arrangements"

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions relating to property

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: definitions: "relevant disposal", "clawback period", "material time"

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or if a relevant individual has an interest in the settlement

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: clawback of relief if settlement becomes settlor-interested or a relevant individual has an interest in the settlement: consequential tax adjustments

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: exceptions to general rule

Page Archived content now covered in CG66450C

Gifts: Finance Act 2004 changes: gifts to certain settlements: information power

Page Archived content now covered in CG66450C

Gifts: business assets: qualifying for relief

Page Archived content now covered in CG66450C

Gifts: business assets: definitions

Page Archived content now covered in CG66450C

Gifts: business assets: assets used in trade: trustees

Page Archived content now covered in CG66450C

Gifts: business assets: qualifying corporate bonds

Page Archived content now covered in CG66450C

Gifts: assets used in a trade: trade and non-trade use

Page Archived content now covered in CG66450C

Gifts: business assets: non-trade use

Page Archived content now covered in CG66450C

Gifts: business assets: buildings and structures

Page Archived content now covered in CG66450C

Gifts: business assets: agricultural property

Page Archived content now covered in CG66450C

Gifts: agricultural property: liaison with Specialist PT - IHT (formerly CAR - IHT and before that the Capital Taxes Office)

Page Archived content now covered in CG66450C

Gifts: agricultural property: hope/development value

Page Archived content now covered in CG66450C

Gifts: trading/holding cos of trading groups: non-business assets

Page Archived content now covered in CG66450C

Gifts: non-business assets: definition

Page Archived content now covered in CG66450C

Gifts: non-business assets: restricting relief

Page Archived content now covered in CG66450C

Gifts: transfer of a business to a company: section 165 relief

Page Archived content now covered in CG66450C

Gifts: exchange for shares

Page Archived content now covered in CG66450C

Gifts: exchange for shares

Page Archived content now covered in CG66450C

Gifts: exchange for shares

Page Archived content now covered in CG66450C

Gifts: example

Page Archived content now covered in CG66450C

Gifts: transfer of goodwill at nominal consideration

Page Archived content now covered in CG66450C

Gifts: computation: allowing hold-over relief

Page Archived content now covered in CG66450C

Gifts: computation: how to compute the held-over gain

Page Archived content now covered in CG66450C

Gifts: computation: examples

Page Archived content now covered in CG66450C

Gifts: computation: outright gift

Page Archived content now covered in CG66450C

Gifts: computation: partial gift

Page Archived content now covered in CG66450C

Gifts: computation: part trade use of asset

Page Archived content now covered in CG66450C

Gifts: disposal of shares: non-business chargeable assets

Page Archived content now covered in CG66450C

Gifts: computation: emigration of donee

Page Archived content now covered in CG66450C

27 August 2019 published amendments

Gifts: whom you assess: recovery of tax from the donee

Page Archived content now covered in CG66450C

Gifts: whom you assess: time limits

Page Archived content now covered in CG66450C

Gifts: whom you assess: amending the donor's assessment

Page Archived content now covered in CG66450C

Gifts: whom you assess: making the donee's assessment

Page Archived content now covered in CG66450C

Gifts: who you assess: example

Page Archived content now covered in CG66450C

Gifts: instalments: introduction

Page Archived content now covered in CG66450C

Gifts: when instalments can be claimed

Page Archived content now covered in CG66450C

Gifts: instalments: rules for payment

Page Archived content now covered in CG66450C

Gifts: Instalments and hold-over relief

Page Archived content now covered in CG66450C

Gifts: instalments: liaison with Collector

Page Archived content now covered in CG66450C

Gifts: instalments: sale by donee

Page Archived content now covered in CG66450C

Gifts: instalments: what to do in such cases

Page Archived content now covered in CG66450C

Gifts: instalments: withdrawing payments by instalments

Merged this page with CG66540

Gifts of land to housing associations: definition of housing association

Page Archived content now covered in CG66450C

Gifts pre-14/3/89: introduction

Page Archived content now covered in CG66450C

Gifts pre-14/3/89: gifts of business assets

Page Archived content now covered in CG66450C

Gifts pre-14/3/89: of any assets

Page Archived content now covered in CG66450C

Gifts pre-14/3/89: hold-over relief

Page Archived content now covered in CG66450C

Gifts: hold-over relief: valuation: SP8 92

Page Archived content now covered in CG66450C

Gifts: hold-over relief: valuations: procedure

Page Archived content now covered in CG66450C

Gifts: hold-over relief: valuations: trustee as donees

Page Archived content now covered in CG66450C

Gifts: hold-over relief: actual consideration passes

Page Archived content now covered in CG66450C

Gifts: hold-over relief: valuations: no SP8 92 claim or completed HS295

Page Archived content now covered in CG66450C

Gifts: hold-over relief: valuations: cases excluded from SP8 92

Page Archived content now covered in CG66450C

6 August 2019 published amendments

Technical Help For HMRC Staff

Update office address

26 July 2019 published amendments

Gifts: hold-over relief: recovering the gain: introduction

Guidance update

Gifts and Capital Gains Tax: introduction

Guidance update

Capital Gains Manual: Reliefs: Capital Gains Tax and Gifts: Chargeable Gifts: Contents

Guidance update

Capital Gains Manual: Reliefs: Capital Gains Tax and gifts: Reliefs and exemptions: ContentsGifts and Capital Gains Tax: Exemptions and No Gain/No Loss

Guidance update

Capital Gains Manual: Reliefs: Gifts and Capital Gains Tax: Relief for Gifts of Business Assets

Guidance update

Capital Gains Manual: Reliefs: Gifts and Capital Gains Tax: Relief for Gifts Subject to Inheritance Tax

Guidance update

Chargeable Gifts: Introduction

Guidance update

Reliefs: Capital Gains Tax and Gifts: Chargeable Gifts: Assessments

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Introduction

Guidance update

Reliefs: Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Calculation for Gifts to Charities

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Later Disposal by Charity

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Charity Becoming Absolutely Entitled to Trust Assets

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Gifts of Qualifying Corporate Bonds to Charities

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Income Tax and Corporation Tax Relief for Gifts of Certain Assets to Charities

Guidance update

Capital Gains Tax and Gifts: Exemptions and No Gain/No Loss: Gifts of Land to Housing Associations

Guidance update

24 July 2019 published amendments

Capital Gains Manual: Companies and Groups of Companies: Groups of companies: Loss restrictions before Finance Act 2011: Contents

Pages archived & removed from content page

Depreciatory intra-group dividends: drain out dividend scheme

Page content archived, see CG46800

Depreciatory intra-group dividends: exceptions

Page content archived, see CG46800

Depreciatory intra-group dividends: losses/other amounts against profits

Page content archived, see CG46800

Depreciatory intra-group dividends: part-disposals

Page content archived, see CG46800

Depreciatory intra-group dividends: asset identity rule

Page content archived, see CG46800

Depreciatory intra-group asset transfers: asset identity rule

Page content archived, see CG46800

Depreciatory intra-group asset transfers: asset identity rule

Page content archived, see CG46800

Depreciatory intra-group asset transfers: asset identity rule

Page content archived, see CG46800

Depreciatory intra-group asset transfers: avoidance test

Page content archived, see CG46800

Depreciatory intra-group asset transfers: part-disposals

Page content archived, see CG46800

Depreciatory intra-group asset transfers: liquidations

Page contents archived, see CG46800

Value shifting: reorganisation of share capital

Page contents archived, see CG46800

Value shifting: reorganisation of share capital

Page contents archived, see CG46800

Value shifting: interaction with degrouping charge

Page contents archived, see CG46800

Value shifting: depreciatory transactions legislation

Page contents archived, see CG46800

Value shifting: relevant assets: depreciatory transactions legislation

Page contents archived, see CG46800

Value shifting: relevant assets: depreciatory transactions legislation

Page contents archived, see CG46800

Value shifting: relevant assets: depreciatory transactions legislation

Page contents archived, see CG46800

Capital Gains Manual: Companies and Groups of Companies: Groups of companies: Value shifting in groups before Finance Act 2011: Contents

Pages archived & deleted from contents page

23 July 2019 published amendments

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline for groups: scope of value shifting charge

Content archived, see CG4800

Value shifting: outline of rules for groups: commencement

Content archived, see CG4800

Value shifting: outline of rules for groups: relevant assets

Content archived, see CG4800

Depreciatory intra-group dividends: drain out dividend scheme

Content archived, see CG4800

Depreciatory intra-group dividends: drain out dividend scheme

Content archived, see CG4800

Depreciatory intra-group dividends: drain out dividend scheme

Content archived, see CG4800

Depreciatory intra-group dividends: asset transaction test

Content archived, see CG4800

Depreciatory intra-group dividends: asset transaction test

Content archived, see CG4800

Depreciatory intra-group dividends: asset retention test

Content archived, see CG4800

Depreciatory intra-group dividends: asset retention test

Content archived, see CG4800

Depreciatory intra-group dividends: asset severance test

Content archived, see CG4800

Depreciatory intra-group dividends: Offshore sandwich device

Content Archived, see CG46800

Depreciatory intra-group dividends: TCGA92 S31A

Content Archived, see CG46800

Depreciatory intra-group dividends: exceptions

Content Archived, see CG46800

Depreciatory intra-group dividends: distributable profits

Content Archived, see CG46800

Depreciatory intra-group dividends: identification of chargeable profits

Content Archived, see CG46800

Depreciatory intra-group dividends: distribution tracing

Content Archived, see CG46800

Transfer of assets: between spouses or between civil partners: separation, divorce or dissolution: value of consideration where date of disposal is after Final Order, decree absolute, or after the date dissolution is made final

Replace reference to and quote from GvG with reference to and quote from Haines v Hill

22 July 2019 published amendments

Capital loss buying: approach prior to FA 1993: general

Content archived, see CG10100

Capital loss buying: approach prior to FA 1993: general

Content archived, see CG10100

Capital loss buying: approach prior to FA 1993: general

Content archived, see CG10100

Capital loss buying: approach prior to FA 1993: general

Content archived, see CG10100

Capital loss buying: approach prior to FA 1993: general

Content archived, see CG10100

Capital loss buying: pre-FA93: News International case

Content archived, see CG10100

Capital loss buying: pre-FA93: News International case: decision

Content archived, see CG10100

Capital loss buying: pre-FA93: News International case: Ramsay principle

Content archived, see CG10100

Groups to which loss set-off restrictions apply: other groups in same AP

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: background

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: outline summary

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: pre-entry gains

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: restriction on loss set off

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: adjustment of pre-entry gains

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: qualifying losses

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: example

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: pooled assets

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: notional net pre-entry loss

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: pre-entry loss

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: example

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: more than one company joining group

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: reorganisation

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: assets acquired at different times

Content archived, see CG10100

Schedule 7AA TCGA 1992: restrictions on capital losses: Life assurance company deemed annual disposal

Content archived, see CG10100

Capital Gains Manual: Companies and Groups of Companies: Groups of companies: Gain buying rules, abolished in Finance Act 2006: Contents

Content archived, see CG10100