If you’re in any doubt about your circumstances, you should ask your tax adviser. Our Capital Gains Tax Manual explains the rules in more detail. When an officer makes a record of the search electronically and is unable to produce a copy of the form at the time of the search, the officer should explain how the person can obtain a full copy of the record of the search and give the person a receipt which contains: sales of works of art to certain bodies, including transfers in settlement of Inheritance Tax liability

In the case of trustees, Hold-over Relief is available on the disposal of an asset which is used for the purposes of a trade, profession or vocation carried on by:The usual reason to hold an application without notice and in private would be so as not to alert persons connected to the cash that such action is contemplated. Being so alerted may have the effect of the person(s) moving the cash and thereby frustrating the operation of the powers. However, if there is no concern that the cash could be moved, the person(s) connected to the cash should normally be notified of the intention to make an application for prior approval to search for cash. The officer will need to: Prior approval is only likely to be impractical because of the immediacy of the circumstances of the case. This is more likely to be the case in relation to the search of a person or vehicle than the search of premises, but officers should assess each case on its merits. There should be no assumption that approval is impractical for all searches. Officers should carefully consider and record the reasons for any decision not to obtain prior approval. Seeking judicial approval Reasonable suspicion can never be supported on the basis of personal factors alone without reliable supporting intelligence or information or some specific behaviour. For example, a person’s race, religion or age, could not be used alone or in combination with other personal factors as the reason for searching that person. Reasonable suspicion could not be based on generalisations or stereotypical images of certain groups or categories of people being more likely to be involved in criminal activity. the identity of the officer or other identifier and others present, subject to the provisions in POCA relating to pseudonyms of officers of the NCA and members of staff of a relevant Director; [footnote 30] and The powers conferred are civil in nature and exercisable only so far as is reasonably required for the purposes of finding relevant cash. In relation to vehicles being searched under section 289(1D), the officer may require the suspect to permit entry to the vehicle and permit a search of the vehicle, and in relation to a person suspected of carrying cash, the officer may require the person to permit a search of any article they have with them as well as permit a search of their person. [footnote 16]

If a search under section 289 is conducted without prior judicial approval (irrespective of whether senior officer approval has been obtained) the appropriate officer must prepare a report in the following circumstances: An “assigned matter” is any matter in relation to which the Commissioners or officers of Revenue and Customs have a power or duty (except for any matter relating to a devolved tax within the meaning of the Scotland Act 1998, or the Government of Wales Act 2006). [footnote 18] Assigned matters currently include: Claims to relief should be made by completing and returning the attached form claim for Hold-over Relief. Each disposal for which further relief is claimed must be shown on a separate form. You can use photocopies if you wish. Find out more about disposals and their relationship with CGT, Hold-over Relief and Inheritance Tax. The Inheritance Tax Manual also covers some of these matters in more detail. Transferors and transferees that qualify for Hold-over Relief

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If you look at the mixed fraction 147 1/2, you'll see that the numerator is the same as the remainder (1), the denominator is our original divisor (2), and the whole number is our final answer (147). The code is admissible as evidence in criminal or civil proceedings and will be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant. [footnote 7] at any time in the previous 12 months the trustees making the disposal had at least 25% of the voting rights The transferee must generally be resident in the UK, although there is an exception to this where the asset gifted is an interest in UK land. Persons treated as resident outside the UK (by reason of a Double Taxation Agreement) may be excluded.