This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Capital sums derived from assets: section 22 (1)(a) TCGA 1992: compensation

Section 22(1)(a) TCGA 1992 deems a disposal when the owner of an asset receives a capital sum, see CG12980, by way of compensation.

In certain circumstances, and subject to a claim being made, section 23 TCGA 1992 prevents the receipt of a capital sum within section 22(1)(a) from being treated as an occasion of a disposal where the compensation is applied in restoring a damaged asset or replacing an asset which has been lost or destroyed, see CG15700+.