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CG52819 | Company reconstructions: company: TCGA92/S139: unit/investment trusts

From HM Revenue & Customs · Capital Gains Manual

TCGA92/S139 does not apply to transfers to

  • authorised unit trusts, see CG41330

  • unit trusts which are exempt from Capital Gains Tax because all the unit holders are exempt, see CG41352

  • approved investment trusts, see CG41410.

  • Venture Capital Trusts (where the transfer is on or after 17March 1998), see CG57450+.

This is because all these bodies are exempt from tax on chargeable gains.