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HMRC internal manual

Capital Gains Manual

Disposal of assets: examples

For capital gains purposes a disposal of an asset includes

  • a part-disposal of an asset, that is a disposal of part of an asset or an interest in an asset, see CG12730+
  • the entire loss, destruction, dissipation or extinction of an asset, see CG13120+
  • the repayment of a debt, see CG53400+
  • the grant of an option. If the option is exercised, the grant of the option and the transaction entered into by the grantor are treated as a single transaction, see CG12300+
  • the receipt or the entitlement to receive any capital distribution in respect of shares, see CG57800+
  • a transfer into settlement, whether revocable or irrevocable. This is a disposal of the whole property which thereby becomes settled property notwithstanding that the transferor has some interest as a beneficiary or that he or she is a trustee, see CG35710
  • any money (or money’s worth) received in respect of an asset, for example

    • as compensation or under the terms of an insurance policy
    • for giving up rights or for not exercising them
    • for use or exploitation of the asset.

See CG12940+.