Commentary

B5.707 Disposal of interest—further provisions

Business tax
Business tax | Commentary

B5.707 Disposal of interest—further provisions

Business tax | Commentary

B5.707 Disposal of interest—further provisions

There are exceptions to the basic rule that the normal definition of a disposal for capital gains tax purposes applies (see B5.705).

Death of participant

First, although under normal capital gains tax rules death is not an occasion of charge1, under these regulations there is a deemed disposal2. Thus where a person with an interest in a non-reporting fund dies, he is deemed to have disposed of that interest to his personal representatives on death at the then market value. The normal rules regarding the treatment of personal representatives apply. These rules only apply to an

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial