HMRC has added new guidance on investors’ relief to its CGT manual at CG63500 onwards. Investors’ relief will apply to certain disposals of unlisted shares by individuals and trustees from March 2019.
The relief was introduced by Finance Act 2016, allowing individuals and trustees to claim a reduced rate of capital gains tax on certain disposals of shares in unlisted trading companies. The new rules will apply to newly issued shares purchased on or after 17 March 2016, provided they are held for a minimum of three years from 6 April 2016 and subject to a separate lifetime limit of £10m of gains.
HMRC has added new guidance on investors’ relief to its CGT manual at CG63500 onwards. Investors’ relief will apply to certain disposals of unlisted shares by individuals and trustees from March 2019.
The relief was introduced by Finance Act 2016, allowing individuals and trustees to claim a reduced rate of capital gains tax on certain disposals of shares in unlisted trading companies. The new rules will apply to newly issued shares purchased on or after 17 March 2016, provided they are held for a minimum of three years from 6 April 2016 and subject to a separate lifetime limit of £10m of gains.
