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. See C1.104, C1.103 and C1.102 respectively.
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.
This article discusses the compliance requirements for disposals of chargeable assets other than UK land, with the reporting of disposals of UK land covered in C1.110. For the computation of chargeable gains and losses, see C1.105. For the use of allowable losses, see C1.106. For the taxation of chargeable gains, see C1.107.
Reporting requirements for disposals other than of UK land
Self assessment for corporation tax and capital gains tax
All persons should include a calculation of the chargeable gains and allowable losses with their self assessment tax return1.
If a tax return has not been required, or has been required but the requirement
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