Commentary

B6.715 ATED—'Adjusted chargeable amount'

Business tax
Business tax | Commentary

B6.715 ATED—'Adjusted chargeable amount'

Business tax | Commentary

ATED—Adjustment of amount charged

B6.715 ATED—'Adjusted chargeable amount'

When an ATED return is submitted, it is based on the facts known at that point and on the assumption that the facts will not change for the rest of the chargeable period. However, in reality, there will be situations where circumstances change and, as a result, the amount of ATED requires adjustment from what was originally estimated. In such cases, it is necessary to calculate the adjusted chargeable amount and also file a return of adjusted amount (otherwise known as a further return). See B6.772.

It may be necessary to determine

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