IHTM34177 - Calculating the loss: capital payments

Capital payments are included in the sale price if

  • at any time after the death, the appropriate person (IHTM34161) receives any capital payments attributable to the qualifying investments (IHTM34131) that were included in the death estate and
  • they then sell the investments within 12 months, IHTA84/S181.

The term capital payment does not include the sale price of the qualifying investments but does include any money, or money바카라 사이트™s worth, that is not treated as income for income tax purposes. 

Sums received from the disposal of rights to a provisional allotment of shares or debentures are treated as a capital payment, IHTA84/S181 (2).

Common situations where capital payments are received include where the company makes a capital distribution or there is a bonus (IHTM34185) or rights issue (IHTM34187).