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

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Absolute entitlement: indivisible assets: English land/trusts

Thus if, in the example in CG37520, the trustees own a piece of land, Blackacre, then A, B and C should be regarded as becoming jointly absolutely entitled to Blackacre as tenants in common when C attains age 25 and the trustees as disposing of Blackacre under Section 71(1) on that date.