Incorporation relief, found within TCGA 1992 s 162, is one of the oldest statutory CGT reliefs, and has been left largely unchanged for many decades. The relief effectively enables the business owner to defer the gain arising on incorporation until their exit from the business. However, it is subject to some strict conditions and restrictions which may need action to be taken prior to an incorporation.
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Incorporation relief, found within TCGA 1992 s 162, is one of the oldest statutory CGT reliefs, and has been left largely unchanged for many decades. The relief effectively enables the business owner to defer the gain arising on incorporation until their exit from the business. However, it is subject to some strict conditions and restrictions which may need action to be taken prior to an incorporation.
If you are not a subscriber, subscribe now to read this content.
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