C

    Capital gains tax - Specific types of disposal - Capital sums derived from assets - Compensation receipts - 48145

    The treatment of compensation receipts differs depending upon whether the asset concerned is either: - lost or destroyed; or - damaged. In both situations, relief may be available where: - the capital...

    Claim for relief for damaged asset

    Claim for relief for damaged assetCapital gains tax may be payable on capital sums which derive from assets. For example, compensation payable to you for damage to an asset. However, if you use...