Taxation of Chargeable Gains Act 1992 Schedule 7D paragraph 15

Taper relief on disposal of qualifying shares

Paragraph 15 of Schedule 7D deals with the application of taper relief when a person disposes of shares that qualify under the schedule's provisions.

• Taper relief could reduce the chargeable gain on the disposal of qualifying shares, with the amount of relief depending on how long the shares had been held.
• The relief applied specifically to shares that met the qualifying conditions set out elsewhere in Schedule 7D.
• The paragraph was relevant during the period when taper relief was available, before it was abolished for disposals from April 2008 onwards.
• The provision was amended by the Finance Act 2016, Schedule 3, paragraph 9(2).