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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Annual exempt amount: exploitation: fragmentation

The vendor and the purchaser may have agreed at the outset that the whole asset shouldbe sold. If we can establish that there was a single contract, possibly oral, to thiseffect and can demonstrate that was the agreement under which the disposal took place, thedate of the single contract will be the date of disposal. Unless the asset is land, it isnot significant that the agreement is oral, provided that it is unconditional.