CG76721 - Wasting assets: predictable life

For Capital Gains Tax purposes, the predictable life, CG76704, of a wasting asset is always taken as one which does not exceed fifty years. This applies even if it is clear that the actual life of the asset will be greater than that. Where, however, the actual life of the asset will be less than fifty years, then you take that actual life.

There are special rules which tell you the predictable life of the types of assets listed in the table. If you are dealing with a case involving any of these, you should refer to the relevant instructions listed at CG76706.