Taxation of Chargeable Gains Act 1992 section 270

Chevening Estate

Section 270 provides a complete exemption from capital gains tax for property held on trust under the Chevening Estate Act 1959.

  • All capital gains tax legislation is disapplied in respect of property held on the Chevening Estate trusts.
  • The exemption applies specifically to property held on the trusts set out in the Schedule to the Chevening Estate Act 1959.
  • The Chevening Estate is a country house and grounds in Kent used as an official residence for senior government figures, held under a special statutory trust.
  • No other exemption or relief needs to be claimed — the exclusion from capital gains tax is automatic by virtue of this section.

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