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HMRC internal manual

Capital Gains Manual

Land: valuation: CG 20: description of property disposed of

If the whole of the property to be valued has been disposed of you should enter ‘whole’ on the CG20.

If part only of the asset has been disposed of you must identify the precise part.

For example, if the taxpayer sells a single flat out of a block he owns identify which flat has been sold, for example, flat 2.

Similarly, with land, if 3 acres are sold out of a holding of 10 acres the Valuation Office Agency will need to know precisely which 3 acres have been sold. A plan should be provided, see CG74353.


Where a lease is granted out of a freehold or a superior leasehold this represents a part disposal, see CG70800+.

In the circumstances a description of the property disposed of would be, for example, a 25 year lease granted out of a freehold interest in the whole property.