Commentary

B1.411 Interval between purchase and sale

Business tax
Business tax | Commentary

B1.411 Interval between purchase and sale

Business tax | Commentary

B1.411 Interval between purchase and sale

The idea of trading involves turning over assets for a profit1. Investments are generally held for a longer period.

The length of time an asset is held is, of course, by no means decisive. An opportunity may present itself to realise advantageously an investment shortly after purchase. The intention at the time of purchase is important2. Evidence that there was an intention to realise the asset quickly, for instance because of the source of finance3 or because a selling arrangement was already in place at purchase4, is

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