CG12960 - Capital sums derived from assets: s22(2) TCGA92: time of disposal

S22(2) TCGA92 provides that the time of disposal is the time when the capital sum was received if the capital sum was received in any of the circumstances described in s22(1)(a) - (d) TCGA92, see CG12948 - CG12955.

In cases where a capital sum falls within the general wording of s22(1) TCGA92, see CG12945, the time of disposal will be determined by reference to the rules in s28 TCGA 1992, see CG14250P, if it was received under the terms of a contract for the acquisition or disposal of an asset.