Employee Ownership: Capital Gains Tax — Written Question

Question

Jim McMahon

Labour (Co-op) — Oldham West, Chadderton and Royton

To ask the Chancellor of the Exchequer, whether HMRC will publish guidance specifically addressing the application of CGT-by-instalments under section 280 of the Taxation of Chargeable Gains Act 1992 in cases involving disposals to Employee Ownership Trus

Answer

Dan Tomlinson

The conditions for making an application to pay Capital Gains Tax by instalments are set out within HMRC’s Capital Gains Manual at CG14910, available at GOV.UK. HMRC has confirmed to the employee ownership sector that this guidance applies to disposals to...

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