Policy paper
Capital Gains: Completion of unconditional contracts
This measure ensures that HMRC does not have little or no time in which to assess tax due, or taxpayers to claim allowable losses, where there is a delay between an unconditional contract being entered into and an asset being conveyed or transferred.
Documents
Details
The measure modifies, in certain cases, the operation of the period in which taxpayers must notify HMRC that they are chargeable to Capital Gains Tax or Corporation Tax, the time limits for assessments in relation to chargeable gains and the time limits for claiming allowable losses.
Published 15 March 2023