This is a freeview 'At a glance' guide to how to determine the date of disposal, and the key areas where it is important. 

When is the date of disposal for Capital Gains tax purposes? Why does it matter?

For more details see our subscriber guide CGT: Date of acquisition or disposal.

At a glance

The date of disposal determines the tax point which affects:

  • Which tax year the disposal falls into.
  • The end or start date to determine whether the conditions of certain reliefs are met.
  • What the acquisition date is.

This guide looks at the relevant date for capital gains tax only.

What is the date of disposal?

General rule:

S28 TCGA 1992 provides that where an asset is disposed of and acquired under a contract:

  • The time at which the disposal and acquisition is made is the time the contract is made (and not, if different, the time at which the asset is conveyed or transferred).

Special rules:

Why does the date of disposal matter?

The date of disposal determines which tax year a disposal falls into which affects:

  • When the disposal must be declared.
  • When the tax is due for payment.
  • What annual exemption is available.
  • Whether is available.
  • For disposals by companies prior to 31 December 2017, what the indexation allowance is.

The date of disposal is also important for various reliefs such as:

Useful guides on this topic:

CGT: Date of acquisition or disposal 
When is the date of disposal for Capital Gains tax purposes? When do special rules apply? Why does it matter?

How to calculate CGT
This is a guide to how to compute a capital gain (or loss) for individuals and trustees.


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Hi, in the case of a parcel of shares sold, whether at a gain or at a loss, the date and price of disposal is pretty clear; what is less clear is the date of acquisition, when the holding has been acquired and held over a number of years. The...

Hi, in the case of a parcel of shares sold, whether at a gain or at a loss, the date and price of disposal is pretty clear; what is less clear is the date of acquisition, when the holding has been acquired and held over a number of years. The self-assessment return worksheet asks for a (single?) date of acquisition. How should this be answered?

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