OT60110 | Transferable Tax History - Tracking profits general overview

When a transfer of a TTH asset (a field or an interest in a field which includes TTH) is made the company acquiring the asset is required to track the profits of that asset and return the tracked profits annually to HMRC.

This part of the guidance covers the tracking mechanism as described in paras 64 and 65 of Sch 15 to FA 19.

This guidance sets out how the tracking mechanism works and how tracked profits should be calculated.