Commentary

C2.401 Definition of a part disposal

Capital gains tax
Capital gains tax | Commentary

C2.401 Definition of a part disposal

Capital gains tax | Commentary

Division C2.4     Part disposals

For updates affecting this Division please see Part C0 Updates

CGT part disposals

C2.401 Definition of a part disposal

Disposals of assets include part disposals for the purposes of the charge on capital gains1. There is a part disposal:

  1.  

    •     where an interest in an asset is disposed of, or

  2.  

    •     where a right in or over an asset is disposed of, and

  3.  

    •     generally wherever, on the disposal of an asset, any description of property derived from that asset remains undisposed of2

The significance of a disposal being a part disposal is that the allowable expenditure in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial