Options are assets for capital gains purposes1. On the disposal of an option by the person entitled to exercise it, other than by exercise (see C2.1008) or abandonment (see C2.1005), the gain or loss is computed in the normal way. Where the option is a wasting asset, any gain or loss on its disposal is calculated by restricting the allowable expenditure in accordance with the wasting asset rules described in C2.902. The
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:37