Company reconstructions: company: TCGA92/S139: unit/investment trusts
TCGA92/S139 does not apply to transfers to
- authorised unit trusts, see CG41330
- unit trusts which are exempt from Capital Gains Tax because all the unit holders are exempt, see CG41352
- approved investment trusts, see CG41410.
- Venture Capital Trusts (where the transfer is on or after 17March 1998), see CG57450+.
This is because all these bodies are exempt from tax on chargeable gains.