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  • Taxpayer Alert: Trusts avoiding CGT by exploiting restructure roll-over

    We have issued Taxpayer Alert TA 2019/2 Trusts avoiding capital gains tax (CGT) by exploiting restructure roll-over.

    This Alert outlines our concerns with arrangements involving the trustee of a unit trust inappropriately avoiding CGT when selling an asset with a large unrealised capital gain to a purchaser, by transferring the asset to a trustee of a new unit trust to obtain a restructure roll-over.

    We aren't concerned where a restructure roll-over has been used as part of a genuine restructure.

    What we are doing

    We are reviewing these types of arrangements under the Tax Avoidance Taskforce and are engaging with taxpayers who have entered into, or plan on entering into them to ensure they pay the correct amount of tax.

    What you need to do

    Read Taxpayer Alert TA 2019/2 to find out more.

    If you have entered into or are planning on entering into this type of arrangement, you should:

    See also:

    Last modified: 04 Nov 2019QC 60521