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Change of legal status - cgt implications?

Change of legal status - cgt implications?

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I am a member of my local village social club. It intends to change legal status from an unlimited liability members organization to a SCIO (Scottish Charitable Incorporated Organization). The club owns it's premises. Will there be any capital gains tax liability on the change of legal status?

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By Chris Smail
13th Sep 2012 09:50

None on gift to a charity

Very detailed guidance on RFU site for English law, you may need to adapt

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By david2211
13th Sep 2012 10:28

Thank you. I'll have a look at the RFU site.

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By Scion
03rd May 2018 14:52

What was the outcome of club becoming a SCIO. Club would have been subject to corporation tax on gain on transfer of property? The relief for gifts to charities at s257 TCGA only applies to individuals?

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