For updates affecting this Division please see Part C0 Updates
C1.301 Definition of assets for capital gains purposes
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' includes all forms of 'property', whether situated in the UK or not, including1:
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•ÌýÌýÌýÌý shares and securities
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•ÌýÌýÌýÌý interests in land
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•ÌýÌýÌýÌý chattels
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•ÌýÌýÌýÌý options (see Division C2.10), debts (see C3.1810) and incorporeal property generally (see below)
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