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 sums generally, see C1.319.
Where an asset is lost or destroyed completely, there is a disposal of the asset and the compensation or insurance proceeds
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