CTM02250 - Corporation Tax: chargeable gains

Chargeable gains arising to companies are computed in accordance with Capital Gains Tax principles as if:

  • accounting periods were years of assessment, and
  • references to Income Tax were references to Corporation Tax.

The Capital Gains Manual guidance applies, with any necessary adaptations.

For detailed guidance on:

  • chargeable gains arising to companies see CG40200 onwards,
  • chargeable gains issues relating to groups of companies see CG45000 onwards.