Commentary

C1.321A Involuntary transfers of assets

Capital gains tax
Capital gains tax | Commentary

C1.321A Involuntary transfers of assets

Capital gains tax | Commentary

C1.321A Involuntary transfers of assets

Involuntary transfers are disposals for CGT purposes if the original owner's title to the asset1:

  1.  

    •     passes to a new owner, for example, after a compulsory purchase, or

  2.  

    •     comes to an end under a particular law or statute2

A disposal does not take place if the original owner retains their title to the asset, but loses possession and the new owner acquires a new and separate title.

Theft of an asset

Theft of an asset is not the entire loss of that asset. After the theft, and although the victim has given up actual possession of

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