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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Securities: debts: general points: satisfied by acquisition of property

TCGA92/S251 (3)

A creditor may accept property rather than cash in satisfaction of the debt. You have to consider a number of linked disposals/acquisitions.

  • The disposal of the property by the debtor, see CG53511.
  • The disposal of the debt by the creditor, see CG53512.
  • The acquisition of the property by the creditor, see CG53513.