Capital Gains Tax

(asked on 8th October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the potential loss of revenue to the public purse of deferred payment of capital gains tax for trusts ceasing to be UK resident or non-UK resident individuals who trade through a UK branch or agency as proposed in Clause 36 of the draft Finance Bill.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 11th October 2018

The estimate of the loss of revenue from deferred payment of capital gains tax for trusts ceasing to be UK resident or non-UK resident individuals who trade through a UK branch or agency is set out in the policy paper published on 6th July 2018 which is available here:

https://www.gov.uk/government/publications/deferral-of-exit-charge-payments-for-capital-gains-tax/deferral-of-payment-of-exit-charges-for-capital-gains-tax

It is estimated that the impact of this measure will be negligible.

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