Commentary

C1.303 CGT exempt assets

Capital gains tax
Capital gains tax | Commentary

C1.303 CGT exempt assets

Capital gains tax | Commentary

C1.303 CGT exempt assets

Although all forms of property, other than sterling, are assets for capital gains tax purposes1, the scope of the tax is restricted by a number of exemptions. Very few types of asset are exempt from tax in all circumstances, but there is a larger number of categories where gains on disposal are exempt provided that certain conditions, eg as to use or period of ownership, have been satisfied (see C3.1802–C3.1808). The various exempt assets categories are listed in C3.1810–C3.1815.

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