Payments on retirement/removal from office/employment {#}

Transactions in land

Sale of income for lump sum

Alternative finance arrangements

Finance leases

VAT

Payments on retirement/removal from office/employment

Where a lump sum payment is chargeable to tax under employment income by virtue of ITEPA2003/S401 (see EIM13000+), the abatement of £30,000 in computing the charge is regarded as `money …. taken into account as a receipt in computing income' within TCGA92/S37 (1) . It is therefore NOT chargeable to Capital Gains Tax as a gain arising from the disposal of a right under a contract of service.

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