Page 28 - F6 - Capital Gains Tax - Assets & Disposals

Time Of Disposal (Par 13) (Cont.)

When none of these events apply, the date

of disposal will be the date on which

ownership of the asset changes

Type of disposal Time of disposal

Scrapping, loss/destruction of When full compensation is received

asset If no compensation payable
• Date scrapping, loss etc. is discovered, or

• Date established no compensation will be paid

Extinction of asset (incl. Date of extinction
termination, cancellation, expiry,

abandonment)

Distribution of asset by Co to S/H Date asset is distributed

Deemed disposals (par 12) Day preceding the day the event occurs