Q&As

When a settlement that is a 'protected settlement' for the purposes of capital gains tax becomes a 'qualifying settlement', how are the stockpiled gains taxed that have accrued within the settlement prior to the change?

read titleRead full title
Published on LexisPSL on 31/01/2017

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • When a settlement that is a 'protected settlement' for the purposes of capital gains tax becomes a 'qualifying settlement', how are the stockpiled gains taxed that have accrued within the settlement prior to the change?
  • TCGA 1992, section 87 and UK resident non-domiciled individuals

When a settlement that is a 'protected settlement' for the purposes of capital gains tax becomes a 'qualifying settlement', how are the stockpiled gains taxed that have accrued within the settlement prior to the change?

This Q&A only considers capital gains tax (CGT) and not any other tax. In particular, it does not cover the transfer of assets abroad regime set out in Chapter 2, Part 13 of the Income Tax Act 2007 (ITA 2007), nor the settlements code set out in Chapter 5, Part 5 of the Income Tax (Trading and Other Income) Act 2005 (ITTOIA

Popular documents