Where a capital sum is derived from assets, there is deemed to be a disposal, notwithstanding that no asset is acquired by the person paying the capital sum (TCGA 1992, s. 22(1)). The following, in particular, trigger such a disposal:

capital sums received by way of compensation for any kind of damage or injury to assets for the loss, destruction or dissipation of assets or for any depreciation or risk of depreciation of an asset (TCGA 1992, s. 22(1)(a));

capital sums received under a policy of insurance of the risk of any kind of damage or injury to, or the loss or depreciation of, assets (TCGA 1992, s. 22(1)(b));

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