Consultation outcome

Simplification review: capital gains rules for groups of companies

This consultation was published under the 2005 to 2010 Labour government

This consultation has concluded

Download the full outcome

Simplification review: capital gains rules for groups of companies – a summary of consultation responses (PDF 852KB)

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Detail of outcome

On 9 December 2010 the Government published a summary of responses to the previous consultation on simplifying the capital gains rules for groups of companies, including revised draft legislation. As announced in the Budget on 22 June 2010, the Government will simplify the capital gains rules for groups of companies in Finance Bill 2011.

Original consultation

This consultation ran from to

Summary

Views on capital gains rules for groups of companies

Documents

Simplification review: capital gains rules for groups of companies – a consultation document (PDF 565KB)

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Consultation stage Impact Assessment: Proposals to simplify capital gains rules for groups of companies (PDF 60KB)

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Consultation description

The Related Companies Simplification Review announcement at the 2007 Pre-Budget Report identified the capital gains rules for groups of companies as an area for simplification.

Consultation document

Since the Related Companies Simplification Review was announced at the 2007 Pre-Budget Report, dialogue between business and the Government has identified the capital gains rules for groups of companies as an area where simplification would be particularly useful.

As announced at the 2009 Pre-Budget Report, the Government today published a full consultation document with detailed simplification proposals, including draft legislation, on capital losses after a change in ownership, value shifting and depreciatory transactions, and degrouping charges.