CG17925 - Taper relief: relevant period of ownership: introduction: Taper relief does not apply to disposals before 6 April 1998 or after 6 April 2008

TCGA92/SCHA1/PARA2

Subject to the measures contained in TCGA92/SCHA1/PARA13 to TCGA92/SCHA1/PARA19, TCGA92/SCHA1/PARA2(2) defines the relevant period of ownership as the period after 5 April 1998 for which the asset has been held at the time of its disposal, or the last 10 years up to the time of disposal, if shorter. The relevant period of ownership determines how much of a gain qualifies for the business asset taper.

For this purpose, TCGA92/SCHA1/PARA2(1) directs that the period after 5 April 1998 for which the asset has been held at the time of its disposal begins on 6 April 1998, or the time when the asset was acquired, if later, and ends with the time of disposal of the asset on which the gain accrued.