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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Targeted rules to prevent income to capital converter schemes by companies - action by company tax office

The application of the clearance should be reviewed by the company’s local taxoffice to ensure that the facts and circumstances relating to the actual transaction areas described in the application.

If they are not, a full report should be made to Capital Gains Technical Group, before anyfurther action is taken.