Commentary

C2.1113 Enforcement of security

Capital gains tax
Capital gains tax | Commentary

C2.1113 Enforcement of security

Capital gains tax | Commentary

C2.1113 Enforcement of security

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

On the enforcement

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