For a gain or loss to be within the scope of tax on chargeable gains, there must be a chargeable disposal of a chargeable asset by a chargeable person. This article considers the definition of chargeable assets. For a discussion of chargeable persons and chargeable disposals, see C1.102 and C1.104.
Individuals, trustees and personal representatives are subject to capital gains tax on chargeable gains. Companies are subject to corporation tax on chargeable gains. See C1.102.
For a discussion of the computation of chargeable gains and losses, see C1.105. For the rates of tax that apply to chargeable gains, see C1.107.
Chargeable assets
An 'asset' include all forms of property, whether situated in the UK or not, including1:
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•ÌýÌýÌýÌý options (see Division C2.10), debts (see below) and incorporeal property generally (which includes contractual rights, whether or not those rights are capable of being transferred or assigned, and whether or not they have a market value2)
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•ÌýÌýÌýÌý any currency other than sterling, and
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•ÌýÌýÌýÌý any form of property created
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