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

HMRC internal manual

Capital Gains Manual

Contingent liabilities: TCGA92 S49


TCGA92/S49 deals with these problems as they arise in three specific types of contingent liability. It applies to

  • disposals of land

    • any liability remaining with or assumed by the person who assigns a lease which is contingent on a default in respect of liabilities assumed by the assignee under the terms of the lease
    • any contingent liability of the vendor or lessor of land in respect of any covenant required for quiet enjoyment or other obligation
  • disposals of any property other than land

    • any contingent liability in respect of a warranty or representation made on the disposal. See CG14815+ for further guidance on warranties and representations.