CGT - Connected persons

Question 1

Who are connected persons in CGT?

Answer 1

Brother / Sister
Parents / Grand parents
Children / Grand children
Spouse / Civil partners (Their relatives)
Business associates (Partner / Business partner spouse / Business partner relatives)

Question 2

CGT Treatment of connected persons?

Answer 2

1. Disposals to connected persons deemed at M.V not S.P

2. Capital loss made on disposal to connected person can only be relieved against capital gain made from that person.