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Official guidance
Capital Gains Manual

CG76700P · Chattels and other assets: chattels and wasting assets: wasting assets

  • CG76700 · Wasting assets
  • CG76706 · Wasting assets: special rules
  • CG76721 · Wasting assets: chattels: CGT exemption
  • CG76722 · Wasting assets: use in another person's business
  • CG76723 · Wasting assets: copyright
  • CG76724 · Wasting assets: franchises and licences
  • CG76725 · Wasting assets: goodwill
  • CG76730 · Wasting assets: leases
  • CG76744 · Wasting assets: settled property
  • CG76745 · Wasting assets: share warrants and other options
  • CG76746 · Wasting assets: trademarks
  • CG76772 · Wasting assets: computation: allowable acquisition cost
  • CG76775 · Wasting assets: computation: using the formula T(1)/L
  • CG76777 · Wasting assets: computation: allowable enhancement expenditure
  • CG76780 · Wasting assets: computation: using the T(2) formula
  • CG76791 · Wasting assets: computation: example 1 using T(1)/L
  • CG76792 · Wasting assets: computation: example 2: using the T(2) formula
  1. Chattels and other assets: chattels and wasting assets: wasting assets: contents
  2. Wasting assets: settled property

CG76744 | Wasting assets: settled property

From HM Revenue & Customs · Capital Gains Manual

TCGA92/S44

A life interest in settled property is regarded as a wasting asset if the predictable life of the person by reference to whose life the duration of the interest is measured was fifty years or less, when the interest was acquired.

CG38020+ tells you how to obtain an estimate of that predictable life.

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