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Official guidance
Capital Gains Manual

CG65990P · Reliefs: losses on loans to traders (including payments under a guarantee): relief for payments under a guarantee

  • CG65991 · Losses: loans to traders: payments under guarantee: general
  • CG65993 · Losses: loans to traders: losses: loans to traders: other conditions
  • CG65994 · Losses: loans to traders: losses: loans to traders: time limit to claim
  • CG65995 · Losses: loans to traders: losses: loans to traders: novation of debt
  • CG66000 · Losses: loans to traders: payments under guarantee: irrecoverability
  • CG66010 · Losses: loans to traders: payments under guarantee
  • CG66014 · Losses: loans to traders: payments under guarantee: asset as security
  • CG66020 · Losses: loans to traders: payments under guarantee: claims
  • CG66030 · Losses: loans to traders: payments by co- guarantors
  • CG66031 · Losses: loans to traders: payments under guarantee: co-guarantor's share
  • CG66032 · Losses: loans to traders: payments under guarantee
  • CG66040 · Losses: loans to traders: guarantor's rights acquired as result of payment
  • CG66041 · Losses: loans to traders: subsequent recoveries
  • CG65990 · Losses: loans to traders: payments under guarantee
  • CG65992 · Losses: loans to traders: payments under guarantee: general
  • CG66011 · Losses: loans to traders: payments under guarantee
  • CG66012 · Losses: loans to traders: payments under guarantee
  • CG66013 · Losses: loans to traders: payments under guarantee
  • CG66033 · Losses: loans to traders: payments under guarantee: example
  1. Reliefs: losses on loans to traders (including payments under a guarantee): relief for payments under a guarantee: contents
  2. Losses: loans to traders: guarantor's rights acquired as result of payment

CG66040 | Losses: loans to traders: guarantor's rights acquired as result of payment

From HM Revenue & Customs · Capital Gains Manual

TCGA92/S253 (11)

Where a guarantor is treated as having an allowable loss under CG66020, no chargeable gains (except as in CG66041) or allowable losses can arise in respect of rights he or she acquired as a result of making the guarantee payment, see CG65910.

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