Gifts
Where an asset is disposed of by way of gift (without consideration), gains may not be chargeable in certain circumstances.
However, market value rules and acquisition history remain relevant for future disposal.
Trust Assets
Assets held in trust for:
Religious institutions
Charitable bodies
Co-operative societies
Registered trade unions
Are exempt provided:
Gains are not derived from trade or business, and
Gains are applied solely to institutional objectives.
If the property ceases to be held in trust, trustees may become liable for CGT.
Insurance Policies
Life assurance policies generally do not give rise to CGT, except where the interest was acquired for value and later disposed.
Capital redemption and industrial assurance contracts have specific treatment under the law.
These provisions require careful legal interpretation.
At 2GDB Consulting, we provide structured advisory for trusts, estates, and institutional assets.
Visit us to explore more opportunities: www.2gdb-consult.com
