CGT and relocation arrangements
Language: English Series: Inland Revenue Press Release ; 14 January 1991 2 pagesPublication details: 1991Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2703-44 (Browse shelf(Opens below)) | 1 | Available | 74351-1001 |
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.