CG12945 - Capital sums from assets: received for use of assets

There is a deemed disposal where a capital sum is received as compensation or consideration for the use or exploitation of assets.

Examples include

• lump sum payments to landowners or farmers for the granting of easements or wayleaves, for perpetuity or a specific number of years, to lay cables, pipelines etc, see CG70272
• capital sums for the right to exploit 'know-how', see CA72000 onwards and CG68200.

The case of Chaloner v Pellipar Investments Ltd provides a commentary on the application of TCGA92/S22 (1)(d) to compensation for the use or exploitation of land, see CG70295.