Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Capital gains group definition: nationalised industries


TCGA92/S170(12)-(14) apply the capital gains group provisions to nationalised industries and Transport Executives. The provisions (other than those relating to recovery of tax) apply to the various bodies within a nationalised industry and Transport Executives as if they were companies.

Nationalised industry bodies with related functions, together with subsidiaries of any of them, form a group. And two or more such bodies charged at different times with the same or related functions are members of a group.