Commentary

C1.309 Enforcement of security

Capital gains tax
Capital gains tax | Commentary

C1.309 Enforcement of security

Capital gains tax | Commentary

C1.309 Enforcement of security

Mortgages, charges by way of legal mortgage, conveyances and transfers by way of security constitute neither acquisitions nor disposals by the mortgagee or mortgagor1. Accordingly, the reconveyance or redemption of the property is neither a disposal nor a reacquisition and the assignment of the mortgagee's interest to a third party is neither a disposal by the mortgagee nor an acquisition by the assignee. The assignment by the mortgagor of his equity of redemption (as when he transfers the property subject to the mortgage) will be a disposal of the property, however; see below.

Where the creditor enforces

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