HMRC internal manual

Company Taxation Manual

Corporation Tax: chargeable gains

You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.

Chargeable gains arising to companies are computed in accordance with CGT principles as if:

  • accounting periods were years of assessment, and
  • references to IT were references to CT.

The CG manual guidance applies, with any necessary adaptations.

For detailed guidance on:

  • chargeable gains arising to companies see CG40200+,
  • chargeable gains issues relating to groups of companies see CG45000+.