Capital gains tax reform: PBR draft legislation published | Practical Law

Capital gains tax reform: PBR draft legislation published | Practical Law

On 24 January 2008, HMRC published the draft legislation and explanatory notes which will implement the government's 2007 Pre-Budget Report proposals for reforming the capital gains tax regime.

Capital gains tax reform: PBR draft legislation published

Practical Law UK Legal Update 6-380-5795 (Approx. 6 pages)

Capital gains tax reform: PBR draft legislation published

by PLC Tax
Published on 28 Jan 2008 • England, Wales
On 24 January 2008, HMRC published the draft legislation and explanatory notes which will implement the government's 2007 Pre-Budget Report proposals for reforming the capital gains tax regime.
The draft legislation, which is to form part of the Finance Bill 2008, is in line with the proposals. As expected, no transitional measures have been included in the draft legislation.