Date of disposal for CGT

[simpsonite]

Hello all,

My client sold a parcel of land & contracts were exchanged on 30/03/07.
This would normally be the date used for CGT.

But the sale was conditional on obtaining planning permission. The sale was completed on 11/04/08.
My understanding is that as the contract was a conditional one then i will have to use the later completion date for CGT purposes?

A colleague of mine seems to think that the date for CGT would be the date the condition is satisfied ( i.e planning permission granted). This was agreed prior to 05/04/08.

Trying my best to push this sale back into 07/08!!

[Peter D]

It will be the day the condition was met. Regards Peter

[simpsonite]

Thanks Peter