Taxes Consolidation Act 1997 section 538

Disposals where assets lost or destroyed or become of negligible value

Section 538 provides for the capital gains tax treatment of assets that are completely lost, destroyed or have become worthless, including special rules for buildings and structures on land and for shares in dissolved companies.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.