A1.601 Exemption From Taxation

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Commentary

Administration and compliance

For updates affecting this Division please see Part A0 Updates

Crown privilege: general

A1.601 Exemption from taxation

It is a principle of constitutional law that the Crown is not bound by any Act of Parliament unless expressly named or bound by necessary implication¹, and the Crown is therefore not within the scope of the Tax Acts². Tax is not payable in respect of income received by the Sovereign³. However, Elizabeth II, following discussions with the Treasury, the former Inland Revenue and the royal household, voluntarily entered into an agreement effective from 6 April 1993, which provides that the monarch will pay:

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A1.601 Exemption from taxation

Administration and compliance

Crown privilege: general

A1.601 Exemption from taxation

D6.503 International movement of capital—reportable transactions and events

A4.204 Claims procedure—corporation tax

B3.340A Hire purchase of plant and machinery and similar contracts

I3.367 Fall in value relief—changes in interests in land

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

B5.123 BPS—negligible value claims

A1.810 Limitation

E5.406 Employees of European Union delegations—tax exemptions

D2.250 Group relief—limited rights, variable rights and options attaching to ordinary shares

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

I8.335 Valuation on death of partner in service

I7.120A BPR and excepted assets

C3.305 Rollover relief—time limit for acquisition of replacement assets

C1.511 Use of Mansworth v Jelley losses

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

E6.324H Nominated income and gains and the ordering rules

B2.202 Capital receipts

D4.104 Company residence and the case law test

I5.1304 Beneficiary with contingent interest

E6.102K Statutory residence test—the definition of a 'home'

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A1.601 Exemption from taxation

Administration and compliance

Crown privilege: general

A1.601 Exemption from taxation

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