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HMRC internal manual

Capital Gains Manual

Rebasing for companies: halving relief for deferred gains before 31/03/82: other points

Postponed on or before 31/3/82
Claims for relief

Postponed on or before 31/3/82


TCGA92/SCH4/PARA4 (1) provides relief where charges are postponed between 31 March 1982 and 6 April 1988, see CG17030. Gains which accrued on or before 31 March 1982 but were postponed under the following provisions are not to be brought back into charge if the event that would trigger the charge occurs on or after 6 April 1988, TCGA92/SCH4/PARA4 (5).

  • ICTA70/S268A (now TCGA92/S140)
  • CGTA79/S84 (now TCGA92/S134)
  • CGTA79/S111B (now TCGA92/S248)
  • CGTA79/S117 (now TCGA92/S154).

This is equivalent to the effect of rebasing where a gain was rolled over before 31 March 1982, see CG16745.

Claims for relief


Relief is available only on the making of a claim that must be made within two years of the end of the accounting period in which the disposal in question is made, or the gain in question is treated as accruing.

The Board is also empowered to allow further time: for late claims see CG17010.

Claims should be dealt with in accordance with the instructions in CG17010. Late claims should be dealt with in accordance with CG13810+.