CG73980 - NRCG and the exemptions: Disposals from 6 April 2019: Specific occasions where person was not chargeable before 6 April 2019

TCGA92\Sch4AA

A person is treated as not chargeable before 6 April 2019, if immediately before that date the person was:

• A company that was not closely-held
• A widely marketed scheme
• A company carrying on life assurance business (FA2012/s56). Also see TCGA92/Sch4AA para 2(4)(c).

The detail of the provisions of para 2(4) to (8) is not replicated here. Additional guidance on ‘a closely-held company’ and ‘widely-marketed scheme’ is in CG73722 onwards.