Budget representation - Taxation of Chargeable Gains Act (TCGA) 1992 s.162 incorporation relief

Concerns over TCGA 1992 section 162 – incorporation relief

The Chartered Institute of Taxation (CIOT) has submitted a 2024 budget representation outlining our concerns over some of the definitions contained in s.162 and calling for further clarification. These are wider issues beyond those expressed in our separate representation concerning ESC D32 specifically (see https://www.tax.org.uk/ref1269 for details).