RPSM04103020 - Technical Pages: Taxation: Scheme investments: Exemption from capital gains tax

Exemption from capital gains tax – normal rule

A gain arising from the disposal of investments held for the purposes of a registered pension scheme is exempt from capital gains tax.

There is an exception to this normal rule in relation to property investment LLPs. A gain arising from the acquisition or disposal of assets held as a member of a property investment LLP is a chargeable gain liable to capital gains tax.