Commentary

C1.216 Pension schemes

Capital gains tax
Capital gains tax | Commentary

C1.216 Pension schemes

Capital gains tax | Commentary

C1.216 Pension schemes

Pension schemes—general rule

Gains accruing to a person on the disposal of investments held for the purposes of a registered pension scheme or an overseas pension scheme are not chargeable gains1.

For details of the tax treatment of pension schemes, see Division E7.2.

Futures and options contracts

Futures and options contracts are regarded as investments for the purposes of the chargeable gains exemption above concerning registered pension schemes and overseas pension schemes2.

A contract is not prevented from being a futures or options contract if full settlement of all obligations is made by a lump sum payment rather than a transfer

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