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HMRC internal manual

Capital Gains Manual

From:
HM Revenue & Customs
Published:
12 March 2016
Updated:
18 September 2026 - See all updates

CG-APP15A - Non-resident capital gains from 6 April 2019: Sch5AA elections: notes for forms

Annexe 3

Pro forma elections –

  1. Transparency election for UK property rich offshore collective investment vehicles (Paragraph 8, Schedule 5AAA TCGA92)
  2. Exemption election for UK property rich offshore collective investment vehicles: Election for qualifying fund (Paragraph 12(2), Schedule 5AAA TCGA92)
  3. Exemption election for qualifying company(ies) wholly or almost wholly owned by a collective investment scheme limited partnership or Co-ownership Authorised Contractual Scheme

 

Foreword

 

These forms may be used by fund managers wishing to make an election under paragraph 8 or 12 of Schedule 5AAA TCGA 92.  There is no statutory requirement to use these forms, but doing so will help to ensure that all relevant information is provided.  Continuation sheets or supplementary information may be appended to the forms if necessary.

 

The forms are expected to be published as interactive forms on the HMRC Collective Investment Schemes Centre pages on Gov.UK at https://www.gov.uk/money/business-tax-investment-schemes-collective-investment-schemes later this year and may be revised to reflect comments received in the meantime.

 

Paragraph 8 elections can be sent by email to transparencyelectionNRCG.msb@hmrc.gov.uk

 

Paragraph 12(2) and 12(3) elections can be sent by email to exemptionelectionNRCG.msb@hmrc.gov.uk

 

HMRC is unable to acknowledge receipt of elections but will accept records of ‘sent emails’ as evidence that an election was submitted.  Senders should retain such evidence for their records.

Sending information by email is not secure. Emails can be intercepted or altered and attachments could contain malware.  You should only contact us via email if you understand and accept these risks.

 

If you do not understand and accept the risks associated with emails items should be posted to –

 

HMRC Collective Investment Schemes Centre

Mid-size Business S0836

Newcastle

NE98 1ZZ

 

Urgent courier services only should be delivered to:

HMRC Collective Investment Schemes Centre

5th floor

Concept House

5 Young Street

Sheffield

S1 4LB

 

You will need to retain evidence of delivery if sending elections by post.