Deferral Relief for Substantial Shareholdings
A Technical Note by the Inland Revenue
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The Government is considering introducing a substantial relaxation in the taxation of corporate capital gains by introducing a new tax relief for companies alongside the existing rollover relief so that the charge to tax is deferred where a company
- realises a gain on the sale of a shareholding in a business or assets of that business; and
- invests the proceeds in developing that business or another business or acquires shares in another business.
We should welcome comments on the discussion in the Technical Note, in particular on the specific questions which are summarised at the end of the document in Annex A.
Comments may be sent by email to:
or in hard copy to:
Richard J Thomas
Capital and Savings Division
Room 121,
New wing
Somerset House
Strand
LONDON WC2R 1LB
Fax Number: 020 7438 6380
to arrive no later than 11 August 2000.
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