ESC D50 applied:

in relation to compensation received before 6 April 2010 for CGT purposes and

in relation to compensation received before 1 April 2010 for CT purposes.

It provided that in certain circumstances capital sums paid by way of compensation for the deprivation of foreign assets would not be treated as giving rise to chargeable gains.

Guidance on the treatment of compensation for deprivation of foreign assets received on or after 6 April for CGT purposes (or on or after 1 April for CT purposes) is given at CG13060.

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