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

HMRC internal manual

Capital Gains Manual

Land: compulsory purchase of land: small part-disposals: conditions

TCGA92/S243 (1) & (4)

If the special rule referred to in CG72200 is to apply, all the following conditions must be satisfied.

  • The interest in the land must not be a wasting asset, see CG71141+.
  • The market value of the land disposed of must be `small’. For the meaning of `small’ see CG57836. The comparison to be made is with the market value of the entire holding as defined by CG72203.
  • The owner must have taken no steps to make it known, by advertising or otherwise, that he is prepared to sell any part of the holding, but see CG72202.