Commentary

C3.1801 Introduction to CGT exempt gains and assets

Capital gains tax
Capital gains tax | Commentary

C3.1801 Introduction to CGT exempt gains and assets

Capital gains tax | Commentary

Division C3.18     CGT exempt gains and assets

For updates affecting this Division please see Part C0 Updates

CGT exempt gains and assets

C3.1801 Introduction to CGT exempt gains and assets

Gains on the disposal of assets are chargeable gains unless excluded by an express exemption1. The exclusions provide for categories of exempt persons, exempt assets, exempt disposals and exempt gains. In addition, a number of reliefs are available to reduce or defer the amount of capital gains tax payable. This Division covers the various exempt gains and exempt assets.

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