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HMRC internal manual

Capital Gains Manual

Capital sums derived from assets: section 22(1) TCGA 1992: capital sums derived from ‘rights’

In certain circumstances ‘rights’ may be assets for CG purposes, see CG12000+.

This part of the guidance gives examples of types of rights which may give rise to an entitlement to receive capital sums by way of compensation or damages.

The types of rights considered are:

  • statutory rights, see CG12020 and CG12995
  • contractual rights, see CG12040 and CG13000
  • rights of action, see CG12060 and CG13015

The guidance at CG12020, CG12040 and CG12060 explain how to identify the various types of rights whilst the guidance at CG12995, CG13000 and CG13015 explain how to deal with capital sums derived from those rights.