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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Disposal of interests in settlements: after 18 March 1991

Where a settlement emigrates on or after 19 March 1991, for the purposes of computing a subsequent gain the taxpayer is treated as having disposed of the interest on the date of change of residence and reacquired it at market value on that date, but without a charge to tax.