Taxes Consolidation Act 1997 section 1051

Application of Chapter 1 for purposes of capital gains tax

Section 1051 applies the income tax rules on taxation of persons chargeable in a representative capacity to capital gains tax, with any necessary modifications.

• The income tax rules in Chapter 1 (other than section 1050) on representative capacity apply equally to CGT
• Bodies of persons, trustees, guardians and committees can all be assessed to CGT on behalf of another person
• Representatives of incapacitated or non-resident persons are answerable for all CGT matters relating to those persons
• Personal representatives of a deceased person may be assessed to CGT for any pre-death liability, recoverable from the estate