Related Commentary  Related CasesRelated HMRC Manuals

21(1)  All forms of property shall be assets for the purposes of this Act, whether situated in the United Kingdom or not, including–

(a)options, debts and incorporeal property generally, and

(b)currency, with the exception (subject to express provision to the contrary) of sterling,

(c)any form of property created by the person disposing of it, or otherwise coming to be owned without being acquired.

21(2)  For the purposes of this Act–

(a)references to a disposal of an asset include, except where the context otherwise requires, references to a part disposal of an asset, and

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