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Home / Simons-Taxes /Capital gains tax /Part C2 Computation of chargeable gains /Division C2.11 Land and interests in land /Property rich collective investment vehicles / C2.1167 Property rich collective investment vehicles—revocation of the exemption election
Commentary

C2.1167 Property rich collective investment vehicles—revocation of the exemption election

Capital gains tax

The NRCGT rules charging gains on disposals by non-UK residents of direct or indirect interests in UK land are modified in the case of collective investment vehicles (CIVs) and their investors so as to limit the potential for multiple layers of UK taxation and any unintended consequences of the rules for exempt investors in offshore pension funds and similar vehicles. For an overview of the NRCGT rules generally see C2.1139 and

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