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HMRC internal manual

Oil Taxation Manual

HM Revenue & Customs
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Capital Gains: Undeveloped Areas - Date of Conditional Disposals

Where the agreement to dispose of a licence interest is conditional on the Secretary of State’s consent to the assignment, then the date of the disposal for capital gains purposes will be the date that the condition is satisfied per TCGA92\S28(2). See the Capital Gains manual for more detail the date of a conditional disposal at CG14270 and sequence.