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Posted Mon, 24 Oct 2022 13:10:17 GMT by Ricky
I closed down my Ltd company last year via MVL and this resulted in 2 capital distributions that I need to add to my self assessment for CGT. I plan to claim for Business Asset Disposal Relief so have added these under 'Other property, assets and gains' I have put the `Date of disposal` as the day I received the distribution, the `Disposal proceeds or market value` as the amount I received and the `Cost or market value` as 0.00 but i'm not sure what to put for the `Date of acquisition` field. Would it be the date I formed the company?
Posted Fri, 28 Oct 2022 08:27:37 GMT by HMRC Admin 19
Hi,

Please use the date that you formed the company, as the date of acquisition. The legislation just covers dates of disposal and acquisition as ""the time contracts were made"". 

Thank you.

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