Assets derived from other assets

Capital allowances

Close companies, transfer of assets at an undervalue

Compensation and damages

Depreciatory transactions

Elections (companies only from 6 April 2008)

Exceptions (companies only from 6 April 2008)

Gains deferred (companies only from 6 April 2008)

Before 1982, 50 per cent relief

Between 1982 and 1988, 50 per cent relief


Groups of companies


Joining a group

Leaving a group

Quoted securities

Value elections

Indexation allowance

Mandatory for individuals and trustees

Partnership assets

Shares in oil companies



No gain no loss