Taper relief: overview

Resource type: Practice note: overview

Status: Law stated as at 05-Apr-2008

Jurisdictions: England, Wales

This note is a brief overview of the key features of capital gains tax (CGT) taper relief as it applied to shares and securities. Taper relief was available to individuals, personal representatives and trustees.

Taper relief has been abolished for disposals made on or after 6 April 2008 (see paragraphs 23 to 56 of Schedule 2 to the Finance Act 2008). Taper relief does not apply to deferred gains which come into charge after 5 April 2008.

PLC Tax

Register for free access

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info@practicallaw.com.

A free trial will give you:

✔	Unlimited access to Practical Law online know-how
✔	Thousands of market standard documents and clauses
✔	Daily alerts and weekly update e-mails on key legal developments in your practice area
	Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

Actions

Resource information

Show resource details Hide resource details

Resource ID: 3-376-6347
Law stated date: 05-Apr-2008
Products: PLC UK Tax

Ask a question

Related content

Related content

Topics

AIMAIM (http://uk.practicallaw.com/1-103-1364)
Incentives and Pensions: TaxIncentives and Pensions: Tax (http://uk.practicallaw.com/9-376-3553)
Initial Public OfferingsInitial Public Offerings (http://uk.practicallaw.com/3-103-1377)
Owner-managed BusinessesOwner-managed Businesses (http://uk.practicallaw.com/7-376-4394)
Private equity and venture capital Private equity and venture capital (http://uk.practicallaw.com/0-103-1350)
Public Mergers and AcquisitionsPublic Mergers and Acquisitions (http://uk.practicallaw.com/7-103-1083)
Reorganisations, Schemes, Demergers and CVAsReorganisations, Schemes, Demergers and CVAs (http://uk.practicallaw.com/8-103-1153)
Rights Issues and Other Secondary IssuesRights Issues and Other Secondary Issues (http://uk.practicallaw.com/0-103-2095)
Share Acquisitions: PrivateShare Acquisitions: Private (http://uk.practicallaw.com/1-103-1081)
Share BuybacksShare Buybacks (http://uk.practicallaw.com/7-103-2054)

Practice note: overview

Entrepreneurs' relief: overview Entrepreneurs' relief: overview (http://uk.practicallaw.com/topic2-382-4258)

Practice notes

Controlled foreign companies and attribution of gains: tax Controlled foreign companies and attribution of gains: tax (http://uk.practicallaw.com/topic7-367-0989)
Share purchases: taxation of the seller Share purchases: taxation of the seller (http://uk.practicallaw.com/topic2-376-4339)
Share sales: pre 6 April 2008 CGT position and planning Share sales: pre 6 April 2008 CGT position and planning (http://uk.practicallaw.com/topic7-382-4251)
Tax on chargeable gains: general principles Tax on chargeable gains: general principles (http://uk.practicallaw.com/topic1-205-7008)

Checklist

Entrepreneurs' relief on a share-for-loan note exchange: flowcharts Entrepreneurs' relief on a share-for-loan note exchange: flowcharts (http://uk.practicallaw.com/topic6-503-3926)

Article

What do the 2007 Pre-Budget Report CGT changes mean for M&A? What do the 2007 Pre-Budget Report CGT changes mean for M&A? (http://uk.practicallaw.com/topic0-379-7736)

Legal update: archive

CGT changes: what do they mean for M&A and portfolio investors? CGT changes: what do they mean for M&A and portfolio investors? (http://uk.practicallaw.com/topic0-378-3367)

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243170279", "objName" : "Taper relief overview", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/3-376-6347?q=&qp=&qo=&qe=", "pageType" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2181fa136:13f5a635724:3151", "analyticsSessionCookie" : "2181fa136:13f5a635724:3152", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }