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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Substantial shareholdings exemption: the exemptions available - anti-avoidance measure to prevent inappropriate exemption - Statement of Practice


Statement of Practice 5/02 (SP/2002) sets out how the anti-avoidance measure in paragraph 5 will be applied. Examples complementary to SP5/2002 can be found on the HMRC website.