Chapter 9 - 1.3 - Chargeable Disposals

Question 1

What are the four chargeable disposals?

Answer 1

• Sale
• Gift
• Exchange
• Loss or destruction of asset

Question 2

What are the three non-chargeable disposals?

Answer 2

• To a charity
• On death
• Between spouses and civil partners

Question 3

For disposals under contract, when is the date of disposal?

Answer 3

• When the contract is made
  OR
• If the contract is conditional, when all conditions are met