CG17903 - Taper relief: qualifying holding period: how relief is given

TCGA92/S2A (4)

TCGA92/S2A(4) explains how taper relief is given.

The amount of any chargeable gain , calculated in accordance with normal rules, is to be multiplied by the appropriate percentage shown in the taper relief table for the number of whole years comprising the qualifying holding period, as it applies to business assets and non-business assets respectively. If there are no whole years in the qualifying holding period, or the asset on which the gain arose was a non-business asset held for only one or two years, then the full gain for that asset remains chargeable.