Commentary

D7.433 Allocating chargeable gains

Corporate tax
Corporate tax | Commentary

D7.433 Allocating chargeable gains

Corporate tax | Commentary

D7.433 Allocating chargeable gains

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

The allocation of chargeable gains to BLAGAB depends on whether, and to what extent, the asset disposed of is 'matched' to a BLAGAB liability immediately before its disposal.

If the whole of the asset was matched to a BLAGAB liability immediately before disposal, then the whole of the gain is referable to BLAGAB1.

If only part of the asset was matched to a BLAGAB liability immediately before disposal, including a deemed disposal

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