Taxes Consolidation Act 1997 section 613

Miscellaneous exemptions for certain kinds of property

Section 613 sets out miscellaneous exemptions from capital gains tax, covering savings scheme bonuses, prize bond winnings, personal injury compensation, betting and lottery winnings, pension rights, interests in settled property, turf cutting compensation and archaeological heritage disposals.

• Savings scheme bonuses, prize bond winnings, personal injury compensation, and payments under certain State schemes (including Magdalen laundry payments, the Mother and Baby Institutions Payment Scheme, and CervicalCheck payments) are not chargeable gains.
• Winnings from betting, lotteries, sweepstakes and games with prizes are exempt from CGT, as are rights to such winnings (for example, the sale of a bet).
• Gains on the disposal of pension rights, annuities (other than deferred annuities in certain circumstances) and covenant payments not secured on property are exempt.
• Gains on the disposal of interests in settled property are exempt in specified circumstances, but anti-avoidance rules apply where trustees are or have been non-resident in the State.