CGT and relocation arrangements
CGT and relocation arrangements
- 1991
- Inland Revenue Press Release 14 January 1991 2 pages .
The Inland Revenue have issued an extra-statutory concession applying to certain arrangements for the relocation of employees. Under the concession, where a employee sells his home to a relocation company and is given a right to share in any profits made when the company later sells the home, the right will generally be exempt from Capital Gains Tax to the same extent as the home itself.
EXEMPTION
The Inland Revenue have issued an extra-statutory concession applying to certain arrangements for the relocation of employees. Under the concession, where a employee sells his home to a relocation company and is given a right to share in any profits made when the company later sells the home, the right will generally be exempt from Capital Gains Tax to the same extent as the home itself.
EXEMPTION