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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Capital payments - non-cash payments

TCGA92/S97(2)

A payment doesn’t have to be a payment of money. The definition includes:

  • the transfer of an asset
  • the conferring of any other benefit, CG38640
  • any occasion on which a beneficiary becomes absolutely entitled to trust property; that is, when TCGA92/S60 applies, CG38635.