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.

• From: HM Revenue & Customs
• Published: 6 July 2018

Documents

Deferral of payment of exit charges for Capital Gains Tax

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Draft legislation

PDF, 77.1 KB, 7 pages

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Explanatory note

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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