For updates affecting this Division please see Part C0 Updates
CGT treatment of compensation and insurance receipts
C2.501A Compensation and capital gains tax—overview
Where a capital sum is derived from an asset, there is deemed to be a disposal all or part of the asset. This division provides commentary on gains arising as a result of the receipt of capital sums consisting of compensation for damage, loss or destruction of an asset and proceeds under policies insuring against damage, loss or destruction. For capital
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