The new degrouping rules: practical implications

The Finance Bill 2011 announced significant changes to the chargeable gains degrouping rules.

Although the changes have been labelled a ‘simplification’ they are in fact designed to raise tax by approximately £10 million per year.

In that context financial services groups should plan ahead to mitigate the effect of some of the new measures.

This article outlines the changes to the scope and application of the new degrouping rules and deals with issues that may arise...