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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Land: part-disposals: formula in TCGA92 S42

TCGA92/S42It is always open to the taxpayer to require the strict application of the law in accordance with TCGA92/S42 (although not to disposals which have been settled under the practice in CG71850-71851). When the taxpayer makes such a choice, it will be necessary to apply the strict law to any subsequent part- disposals of the land.