Capital gains: Names: reliefs
The following sections summarise the reliefs available to Lloyd’s Names to reduce or defer capital gains. Full details of these reliefs can be found in the relevant sections of the Capital Gains Manual.
LLM8200 deals with retirement relief (CG63200).
LLM8205 deals with entrepreneurs’ relief (CG63950).
LLM8210 deals with reinvestment relief (CG62200).
LLM8220 deals with roll-over relief (CG60250).
LLM8230 deals with relief for gifts of business assets (CG66450).
LLM8240 deals with indexation (CG17200) and taper relief (CG17895).
See LLM6160 for details of the reliefs introduced by Finance Act 2004 under which roll-over relief can be claimed, subject to certain conditions, on conversion by an individual Name to a Nameco, SLP or LLP.
Link to CG Manual (LLM10000)