Policy paper

Deferral of exit charge payments for Capital Gains Tax

This measure deals with the deferment of payment of Capital Gains Tax by certain UK resident trusts or non-UK resident individuals who trade through a UK branch.

Documents

Draft legislation

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This measure changes the rules governing when capital gains tax payments must be made to HMRC in respect of exit charges. Exit charges can arise on unrealised gains when a:

  • trust ceases to be resident in the UK
  • assets cease to be used in a trade carried on through a branch or agency in the UK.

This measure provides that in certain circumstances payment of these charges can be deferred.

Published 6 July 2018