RPGT - Exchange of Assets

4 important questions on RPGT - Exchange of Assets

What is the disposal price (DP) when exchanging an asset for another asset with market value?

The disposal price (DP) is the market value of the asset received.

How is the disposal price determined when exchanging for an asset without market value?

The disposal price is the market value of the asset disposed

What is the grant of a lease considered in terms of asset disposal?

The grant of a lease over the land is the disposal of an asset (the lease). The sub-lease of the lease is a disposal of a chargeable asset.
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How is the acquisition price of a lease sub-lease determined?

A fraction of the premium paid by the lessee is deemed the acquisition price of the lease sub-lease, based on the unexpired term.

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