CG13121 - Assets lost/destroyed/negligible value: negligible value

The owner of an asset which has BECOME (see CG13133) of negligible value may claim to have the asset treated as though it had been sold and immediately reacquired for the amount specified in the claim.

There is no requirement to claim within a specified time of the asset havingbecome of negligible value.

If you receive a claim for negligible value in respect of

• shares, see CG13130 - CG13132
• buildings etc, see CG15770
• partnership goodwill, see CG27720+
• goodwill generally, see CG68080.