Q4. Disposal of asset by pension scheme

- Exemption for gains on investments

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Registered pension scheme

- A gain on a disposal of investments held for the purposes of a registered pension scheme is not a chargeable gain (s.271(1A)).

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Overseas pension scheme

- A gain on a disposal of investments held for the purposes of a registered pension scheme is not a chargeable gain (s.271(1A)).

- For meaning of overseas pensions scheme see FA 2004, s.150(7) (s.271(10)).

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Investments (meaning)

- Includes futures contracts and options contracts (s.271(10)).

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Property investment LLP

- Exemption does apply to gains accruing on the acquisition and disposal of assets held as a member of a property investment LLP.

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Legislation: TCGA s.271; 

Cases: 

HMRC manuals: 

PTM024400 - General principles: overview of pensions taxation: investments; 

Commentary: 

See also:

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