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    Capital gains tax - General principles - When will there be a chargeable gain? - Chargeable assets - Excluded items - Excluded assets - 45305

    Subject to satisfying certain conditions, the assets described in the following table do not give rise to a chargeable gain. Asset Conditions Reference Cars Only normal passenger vehicles (including classic...

    Capital gains tax - Specific types of asset - Partnership assets - Miscellaneous rules - Annuities - 49805

    Sometimes an annuity (or other annual payment) is made to a retiring partner, which is in excess of an amount regarded as reasonable recognition of the partner's past service to the partnership....