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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 C1.307, C1.301 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 rules that determine the date of disposal (also termed the time of disposal). The date of disposal is important because it may determine the tax rate at which the gain is chargeable (see C1.107), whether a relief is available¹ or how the loss can be offset (see C1.106). The date of disposal is also the date of acquisition for the person who acquires the asset.

The date of disposal depends on the method by which the disposal is made. These rules are discussed below.

For HMRC guidance on the date of disposal, see CG14250P.

For a discussion of the computation of chargeable gains and losses, see C1.105.