1072 - Disposal proceeds

Based upon your entries this is your total disposal proceeds for all your disposals of property and other assets (other than disposals of shares and securities) before any deductions for allowable expenditure and before any relief's, claims or elections are taken into account.

The figure shown here is the total of disposal proceeds included in capital gains computation worksheets you have completed for disposals of property and other assets plus the disposal proceeds for such disposals that you have entered separately.

Note that in some circumstances the amount you receive should be replaced in your calculation by the market value of the asset you disposed of. Use the market value in place of the price you received if you gave an asset away, deliberately sold it for less than its full value, or disposed of it to a connected person.

For further guidance and information, please see the Capital Gains Summary Notes (PDF 127K).

Guidance on the meaning of 'market value' and 'disposal proceeds' may be found at page CGN 17 and CGN 18, on 'acquisition cost' at page CGN 18 and on the meaning of 'connected persons' at page CGN 4.

To view the guidance notes you need to use a PDF file viewer. You can get one at www.adobe.com