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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Assets held on 6/4/65


The following instructions relate to assets held on 6 April 1965. As an asset heldsince 6 April 1965 was necessarily held on 31 March 1982, the rebasing rules apply on itsdisposal, see CG16700+.

  • If a rebasing election has been made under TCGA92/S35 (5), see CG16760+.
  • If not, then two computations of the gain or loss arising have to be made for the purposes of the kink test, see CG16730+.

These instructions deal with the computation of the gain or loss UNDER THE OLD RULESwhere the asset was held on 6 April 1965.