CG13125 - Assets lost/destroyed/negligible value: ESC D28

ESC/D28 was of potential application to claims made in the period to 5 April 1996.

CG13122 tells you that, before the FA96 changes, the date of the deemed disposal and reacquisition is in strictness the date of claim. In practice, however, ESC/D28 allowed a degree of retrospection. CG13126 tells you the conditions which must be satisfied before the ESC applies. The way in which the ESC operated was affected by the changes in the indexation allowance rules introduced with effect from 30 November 1993, see CG17700+. CG13127 summarises the changes.