CGT event |
Time of event |
Capital gain |
Capital loss |
---|---|---|---|
C1 Loss or destruction of a CGT asset |
when compensation is first received or, if none, when the loss is discovered or destruction occurred |
capital proceeds less the asset's cost base |
asset's reduced cost base less capital proceeds |
C2 Cancellation, surrender and similar endings |
when the contract ending an asset is entered into or, if none, when an asset ends |
capital proceeds from the ending less asset's cost base |
asset's reduced cost base less capital proceeds |
C3 End of an option to acquire shares and so on |
when the option ends |
capital proceeds from granting the option less expenditure in granting it |
expenditure in granting the option less capital proceeds |
End of a CGT asset
Last updated 5 October 2009
QC27417