Schedule A1 Application of taper reliefF1

United Kingdom Repealed

1. Introductory
2. Period for which an asset is held and relevant period of ownership
3. Rules for determining whether a gain is a gain on the disposal of a business asset or non-business asset
4. Conditions for shares to qualify as business assets
5. Conditions for other assets to qualify as business assets
6. Companies which are qualifying companies
7. Meaning of “material interest”
8. Persons who are eligible beneficiaries
9. Cases where there are non-qualifying beneficiaries
10. Cases where an asset is used at the same time for different purposes
11. Periods of limited exposure to fluctuations in value not to count
12. Periods of share ownership not to count where there is a change of activity by the company
13. Periods of share ownership not to count if company is not active
14. Periods of share ownership not to count in a case of value shifting
15. Rules for options
16. Further rules for assets derived from other assets
17. Special rules for assets transferred between spouses or civil partners
18. Special rules for postponed gains
19. Special rule for property settled by a company
20. Special rules for assets acquired in the reconstruction of mutual businesses et ceteralaetc.
21. Special rule for ancillary trust funds
22. General rules for settlements
23. General rule for apportionments under this Schedule
24. Interpretation of Schedule
25. Meaning of “trading company”
26. Meaning of “trading group”
27. Qualifying shareholdings in joint venture companies
28. Joint enterprise companies: relevant connection