Page 23 - F6 - Capital Gains Tax - Part 1

Disposal (cont.)

Disposal event: Par 11(1)

Generally where a person held an asset at the beginning of a

year and no longer holds it at the end of the year

Includes:

 Sale, donation, cession, exchange, transfer of ownership of

an asset

 Forfeiture, termination, cancellation or abandonment of an
asset

 Scrapping, loss or destruction of an asset

 Vesting of an interest in a trust asset in a beneficiary

 Distribution of an asset by a company to a shareholder

 Granting, renewal, exercising of an option