Guidance note released on capital gains tax taper relief

The Finance Act 2000 made some changes to the rates of business assets taper relief, and to the definition of a business asset for taper relief.

The new rules apply to disposals on or after 6 April 2000, so for 1999/2000 tax returns you should use the old rules in existing versions of CGT1 and IR279, and not the new advice.


Note covering Capital Gains Tax: Taper Relief

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