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Disposal: you usually dispose of an asset when you stop owning it. For example, if you:

• sell it;

• give it away;

• transfer it;

• exchange it for something else.

For Capital Gains Tax purposes, a disposal includes a part-disposal. For example, you may have disposed of a part share in a house you inherited or you may have sold half of your collection of antique furniture. Sometimes you're treated as having disposed of all or part of an asset even though you still own it - so you're deemed to have disposed of it. For example when you:

• receive an insurance payout for a damaged asset;

• make a claim that an asset has become worthless (known as a negligible value claim).

Domicile: everyone has a country of domicile. You can only have one country of domicile at a time. You're normally domiciled in the country where you have your permanent home, but factors such as your country of origin can affect your domicile too. If you don't have foreign gains, your domicile status doesn't matter for Capital Gains Tax purposes. If you're domiciled in the UK and resident in the UK, you're taxable on gains you make in the UK and abroad. See also Non-Domicile, Residency.