Chargeable Disposals

Question 1

What are the four chargeable disposals?

Answer 1

• sale
• gift
• exchange
• destruction or loss

Question 2

What are the three non chargeable disposals?

Answer 2

• to a charity
• on death
• between spouses or civil partners

Question 3

For disposals under contract, the date of disposal is:

Answer 3

• when the contract is made (exchanged)
• the date all conditions are met, if contract is conditional