Compensation concession limit reduced
Posted by mostafa on 30 January, 2014
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This item was filled under Tax
The terms of HMRC’s concession covering capital gains tax (CGT) on damages have been reduced to make only the first £500,000 of compensation exempt.
The change to extra-statutory concession (ESC) D33 applies from 27 January 2014 and means the Revenue will not normally …