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Gifted deposit was not deductible expenditure for CGT purposes

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Published on: 02 April 2012
Published by a LexisNexis Property expert

Article summary

A deposit gifted by the seller to the buyer was not a liability that qualified to be deducted from consideration received on the sale of a property before computing the chargeable gain.

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Jurisdiction(s):
United Kingdom

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6 Practice notes
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