CG12750 - Part-disposals: composite acquisition

TCGA92/S52 (4)

Where the asset disposed of was obtained with other assets as part of a composite acquisition (for example, a single contract of purchase at an inclusive price embracing more than one asset), the acquisition price should be apportioned to the respective assets broadly by reference to their market values at the date of acquisition. But where

• a part-disposal of a holding of shares follows the reorganisation or reduction of a company's share capital, see CG51890+
• land is acquired by inheritance or gift, see CG71804
• a business is transferred as a going concern, see CG68050.

If agreement of the apportionment cannot be reached, and one or more of the assets is land in the UK, the assistance of the Valuation Office should be sought, see CG74000+.