C1.307 Meaning of chargeable disposal for capital gains
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. For a discussion of chargeable persons and chargeable assets, see C1.102 and C1.301 respectively. This article covers the meaning of chargeable disposal.
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 details of how to determine the date of disposal, see C1.322. 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 disposals
Tax (either capital gains tax or corporation tax depending on the person) is charged on chargeable gains accruing to a chargeable person on the disposal of chargeable assets1.
The legislation does not define 'disposal', so the term must be given its natural meaning. As such, it includes when an
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