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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Land: small part-disposals: definition of `holding'

TCGA92/S242 (6)

The land disposed of may be part of a large estate. In practice, `the holding’ should be taken to be the smallest piece of land which

  • could have included all the part disposed of, and
  • which had a separately identifiable cost or deemed cost.