Commentary

D9.510 Charge to tax on disposal

Corporate tax
Corporate tax | Commentary

D9.510 Charge to tax on disposal

Corporate tax | Commentary

Charge to income tax

D9.510 Charge to tax on disposal

A charge to income tax on savings and investment income arises on the disposal of a DDS. The charge is on the full amount of the profit arising in a tax year. The profits arise when the disposal occurs (see D9.504)1.

The tax is charged on the person making the disposal (see D9.504)2.

If the disposal is of a security outside the United Kingdom, the profit is treated as arising from a source outside the United Kingdom and is subject to the special rules

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