CGT: Capital Gains Tax reliefs index

• A Disposal of a business or part of a business
• A Disposal of the assets of a business following its cessation.

• A Disposal of business assets associated with a material disposal of an interest in a partnership or shares in a company.

A disposal of shares acquired by subscription.

Individual: not an employee or officer, on subscription

Assets used for the purposes of a trade or a deemed trade including:

• A building or any part of a building and any permanent or semi-permanent structure in the nature of a building occupied (as well as used) for the purpose of a trade. 'Trade' includes a qualifying Furnished Holiday Lettings business.
• Any land occupied (as well as used) for the purposes of a trade.
• Fixed plant or machinery which does not form part of a building or of a permanent or semi-permanent structure in the nature of a building.
• Ships, aircraft, hovercraft.
• Goodwill
• Space stations and space vehicles
• Milk quotas and potato quotas
• Ewe and suckler cow premium quotas
• Fishing quotas

There are special rules for wasting assets (assets with a life of less than 50 years) that are normally exempt from CGT.

Rollover relief does not apply in respect of the disposal of shares and securities.

A business and its chargeable assets transferred to a company (no requirement for there to be a trade).

• Goodwill and intangible assets. 
• Land and property.

Land jointly held and exchanged between co-owners.

Disincorporation (Rollover)

Ended 31 March 2018

The goodwill and land and property in the transfer of a company's business (no requirement for it to be a trade) to its shareholders.

• Goodwill.
• Land and property which is not held as trading stock.

Holdover (gift of business assets)

Holdover (gifts chargeable to IHT)

An asset or an interest in an asset used for the purposes of a trade, profession or vocation carried on by:

• The donor as a sole trader or in partnership.
• The donor's personal company, or, where their personal company is a holding company, a member of its trading group.

Shares or securities in an unlisted company, or a personal company, that is either a trading company or holding company of a trading group.

• Personal company means a company where the individual holds at least 5% of the votes.

Transfers of agricultural property.

Relief is available to the trustees of a settlement if they carry on the trade themselves or if it is carried on by a beneficiary with a life interest in the trust.

Gifts of assets that are immediately chargeable to Inheritance Tax (IHT), or would be were it not for the IHT Nil Rate Band (NRB) these include:

• Gifts into UK trusts, excluding settlor-interested trusts
• Gifts that are IHT exempt, such as gifts of heritage property, works of art, gifts to political parties and transfers out of young person's settlements

Individuals

Trustees/ beneficiaries

Claimed using HS295. Time limit See Time limits

S.165

S.260

Relief on the disposal of an individual's only or main private residence:

• Land and property
• Land restricted to a permitted area

Restrictions introduced from 6 April 2015 in respect of claims for relief by:

• Non-UK residents.
• UK residents claiming relief for homes abroad.
• See Non-resident CGT: UK property.

On the disposal of an only or main residence.

Claimed on tax return. Normal time limit within 12 months of filing deadline. See Time limits

Two year time limit on second property election