The following sections summarise the reliefs available to
Lloyd’s Names to reduce or defer capital gains. Full details
of these reliefs can be found in the relevant sections of the
Capital Gains Manual.
LLM8200 deals with retirement relief
(CG63200).
LLM8205 deals with entrepreneurs’
relief (CG63950).
LLM8210 deals with reinvestment relief
(CG62200).
LLM8220 deals with roll-over relief
(CG60250).
LLM8230 deals with relief for gifts of
business assets (CG66450).
LLM8240 deals with indexation (CG17200)
and taper relief (CG17895).
See
LLM6160 for details of the reliefs
introduced by Finance Act 2004 under which roll-over relief can be
claimed, subject to certain conditions, on conversion by an
individual Name to a Nameco, SLP or LLP.
Link to CG Manual (
LLM10000)
