CG13120 - Introduction and computation: occasions of charge: assets lost/destroyed/negligible value: introduction
Throughout this manual, all legislative references are to the (바카라 사이트淭CGA 1992바카라 사이트�) unless otherwise stated.바카라 사이트�听听
听
听听
听
There are two basic situations where there is a disposal of an asset without there necessarily being a receipt of a capital sum. These are the actual loss of the asset (see below), and the deemed loss of the asset (see바카라 사이트�CG13125). You should, however, remember that any compensation for the loss may give rise to a Capital Gains Tax charge (see바카라 사이트�CG12948바카라 사이트痮nwards). Where such compensation is used to restore or replace the original asset, see바카라 사이트�CG15700+.听听
听
Under , the receipt of a capital sum which is derived from an asset is treated as being a disposal of that asset (see바카라 사이트�CG12940). The following paragraphs consider situations where a disposal is treated as taking place, but no capital sum is necessarily received (see바카라 사이트�CG12980) so that an allowable loss may accrue.听听
听
S24(1) TCGA 1992 - Entire loss or destruction of asset听听
S24(1) TCGA 1992 treats the entire loss or destruction of an asset as a disposal for Capital Gains Tax purposes.听听
Under , where a gain on a disposal of the asset would have been a chargeable gain, then such a disposal will give rise to an allowable loss. See, however:听听
听
- CG12340바카라 사이트痠f an option has been abandoned for no consideration听
- CG12965바카라 사이트痳egarding the interaction of s24 TCGA92 with s22 TCGA92 if any capital sum by way of compensation or otherwise is received听
- CG13137바카라 사이트痠f buildings and structures on land have been destroyed听
- CG68070바카라 사이트痠f goodwill is claimed to have been destroyed.听
听
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