CG10775 - Exempt persons: miscellaneous exemptions: TCGA92/S271

TCGA92/S271 provides other miscellaneous exemptions, for example any chargeable gains accruing to the following persons

  • a health service body.
  • The Trustees of the British Museum.
  • The Trustees of the British Museum (Natural History).
  • Scientific research associations which satisfy the conditions in CTA2010/S469.
  • English Heritage (the Historic Buildings and Monuments Commission for England).
  • The Trustees of the National Heritage Memorial Fund.
  • The UK Atomic Energy Authority.
  • The National Radiological Protection Board.
  • The issue departments of the Central Banks of India and Pakistan.

This is not an exhaustive list.

Additionally TCGA92/S271:

  • Exempts gains on the realisation of Government stock standing in the name of the Treasury or National Debt Commissioners or belonging to the Crown.
  • Exempts gains on certain funds held for the reduction of the National Debt.
  • Exempts gains for certain central banks.
  • Confers on overseas signatories to the Operating Agreement of the International Maritime Satellite Organisation exemption from Corporation Tax or Capital Gains Tax in respect of any chargeable gains accruing on a payment received by such a signatory from the Organisation under the Agreement. An `overseas signatory’ is a signatory other than one designated for the purpose of the Agreement by the United Kingdom.

This is not an exhaustive list.