Commentary

C1.315 Part disposals

Capital gains tax
Capital gains tax | Commentary

C1.315 Part disposals

Capital gains tax | Commentary

C1.315 Part disposals

In general there is a part disposal of an asset where, on the disposal, any description of property derived from the asset remains undisposed of1. This includes the situation where:

  1.  

    •     there is a disposal of only part of a subsisting asset (such as where part of a single parcel of land is disposed of), or

  2.  

    •     where the disposal creates an interest or right in or over the asset (such as on the grant of a lease of land where the lessor retains the freehold reversion), or

A part disposal may also occur where the taxpayer

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