90 per cent subsidiary

Annual tax on enveloped dwellings

Bed and breakfast transactions

Businesses using cash basis, disposals exempt from capital gains tax

Calculation

Close companies transfers of value

Depreciatory transactions

Disposal of substantial shareholdings

Assets related to shares

Company invested in

Conditions for exemption

Degrouping charges, interaction

Disposals where main exemption previously met

Generally

Investing company

Negligible value claims, interaction with

Share for share exchanges

Subsidiary exemptions

Substantial shareholding requirement

Dividend stripping

Generally

Groups of companies

High value residential property, annual tax on enveloped dwellings

Computation

Generally

Interest non-deductible

Non-natural persons disposing of high-value UK residential property

Non-resident close companies, attribution of gains to UK-resident participators

Non-resident companies, transactions involving

Residence

Shareholders liable to pay tax

Value shifting