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CG10775 | Exempt persons: miscellaneous exemptions: TCGA92/S271

From HM Revenue & Customs · Capital Gains Manual

TCGA92/S271 provides other miscellaneous exemptions, for example any chargeable gains accruing to the following persons

  • a health service body.

  • The Trustees of the British Museum.

  • The Trustees of the British Museum (Natural History).

  • Scientific research associations which satisfy the conditions in CTA2010/S469.

  • English Heritage (the Historic Buildings and Monuments Commission for England).

  • The Trustees of the National Heritage Memorial Fund.

  • The UK Atomic Energy Authority.

  • The National Radiological Protection Board.

  • The issue departments of the Central Banks of India and Pakistan.

This is not an exhaustive list.

Additionally TCGA92/S271:

  • Exempts gains on the realisation of Government stock standing in the name of the Treasury or National Debt Commissioners or belonging to the Crown.

  • Exempts gains on certain funds held for the reduction of the National Debt.

  • Exempts gains for certain central banks.

  • Confers on overseas signatories to the Operating Agreement of the International Maritime Satellite Organisation exemption from Corporation Tax or Capital Gains Tax in respect of any chargeable gains accruing on a payment received by such a signatory from the Organisation under the Agreement. An `overseas signatory’ is a signatory other than one designated for the purpose of the Agreement by the United Kingdom.

This is not an exhaustive list.