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, what timetable has been set for HMRC to publish updated guidance specifically addressing the treatment of CGT-by-instalments under section 280 of the Taxation of Chargeable Gains Act 1992 in cases involving disposal

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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