For a gain or loss to be within the scope of tax on chargeable gains, there must be a chargeable disposal of a chargeable asset by a chargeable person. See C1.104, C1.103 and C1.102 respectively.
Individuals, trustees and personal representatives are subject to capital gains tax on chargeable gains. Companies are subject to corporation tax on chargeable gains. See C1.102.
For a discussion of the computation of chargeable gains and losses, see C1.105. For the rates of tax that apply to chargeable gains, see C1.107. For details of how to report chargeable gains to HMRC, see C1.109 and C1.110.
Payment of tax due on chargeable gains—general rule
Corporation tax due on the chargeable gains of companies is generally payable within nine months from the end of the accounting period1. See D1.902 and D1.1320. However, large companies and very large companies are subject to quarterly corporation tax instalments2. See D1.1328.
Any capital gains tax payable by individuals, trustees and personal representatives is generally due by 31 January following
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