CG13125 - Introduction and computation: occasions of charge: assets lost/destroyed/negligible value: negligible value

If you are looking for an introduction to the main rules for making negligible value claims, please see the negligible value overviewÌýon 바카라 사이트.Ìý¹ó´Ç°ù Self AssessmentÌýguidance on negligible value claims and losses on share disposals, please see Helpsheet HS286, and select the year you are considering.Ìý

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S24(2) TCGAÌý1992Ìý바카라 사이트“ÌýNegligible value claimsÌý

Under s24(1A) TCGAÌý1992, the owner of an asset may make a negligible value claim to HMRC if either condition AÌýor condition B is metÌý(see ).Ìý

There is no requirement to make a claim within a specified time of the asset having become of negligible value.Ìý

S24(1A) TCGAÌý1992 says that a negligible value claim may be made by the바카라 사이트¯owner of an asset. This means the asset must still exist when the negligible value claim is made. If the asset has ceased to existÌýthen the negligible value claim will not succeed. Instead,Ìýthere will have been an actual disposal under s24(1) TCGAÌý1992.Ìý

The asset that is the subject of the claim needs to be of negligible value at the date of the claim바카라 사이트¯and바카라 사이트¯at the date of the deemed disposal and reacquisition (if different) (see바카라 사이트¯CG13130).Ìý

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Effect of a successful negligible value claimÌý

A successful negligible value claim simply results in the claimant being treated as if the asset that is the subject of the claimÌýhad been sold and immediatelyÌýreacquired for its negligible value.ÌýÌý

If, as a result ofÌýa satisfactory negligible value claim, ³Ù³ó±ð°ù±ð바카라 사이트™sÌýa capital loss, it is necessary for the claimant to notify that capital loss to HMRC in order forÌýit to be anÌýallowable loss. This notice needs to be given in additionÌýto a negligible value claim, although the two things may be sent to HMRC in the same return, letterÌýor other document.ÌýÌý

If you receive a claim for negligible value in respect ofÌý

  • shares, see바카라 사이트¯CG13140바카라 사이트¯-바카라 사이트¯CG13150Ìý

  • buildings and structures, see바카라 사이트¯CG13137Ìý

  • partnership goodwill, see바카라 사이트¯CG28000Ìý

  • goodwill, see바카라 사이트¯CG68080Ìý

  • cryptoassets, see바카라 사이트¯CRYPTO22500바카라 사이트¯for individuals and바카라 사이트¯CRYPTO41450바카라 사이트¯for companies.Ìý