CG17952c - Taper relief: Trading company and holding company of a trading group - periods from 17 April 2002

Revised definitions of "trading company", "holding company" and "trading group" for apply for taper relief purposes for periods from 17 April 2002. The definitions described at CG17952b apply for times before that date even where the disposal takes place after 16 April 2002.

Guidance specific to interpreting the new definitions is at CG17953i to CG17953l. Guidance on interpreting the meaning of trading company and holding company of a trading group that are applicable to all periods from 6 April 1998 can be found at CG17953m to CG17953r. This guidance was originally published in an article in Tax Bulletin 62 (December 2002).