For the purposes of the Taxation of Chargeable Gains Act 1992, references to a disposal of an asset include, except where the context otherwise requires, references to a part disposal of an asset1. There is a part disposal of an asset where an interest or right in or over the asset is created by the disposal, as well as where it subsists before the disposal2. Generally there is a part disposal of an asset where, on a person's making a disposal, any description of property derived from the asset remains undisposed of3. The concept of the part disposal extends
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