Commentary

C2.1211 Enhancement expenditure incurred by lessee

Capital gains tax
Capital gains tax | Commentary

C2.1211 Enhancement expenditure incurred by lessee

Capital gains tax | Commentary

C2.1211 Enhancement expenditure incurred by lessee

Expenditure incurred by the lessee subsequent to his acquisition of the lease, where it would otherwise be allowable expenditure in computing a gain on disposal of the lease, is subject to the wasting provisions (see C2.1203) in the same way as the acquisition cost. This applies only to expenditure allowable under TCGA 1992, s 38(1)(b), that is, expenditure on enhancement (see C2.206) and expenditure on establishing, preserving or defending title to the lease (see C2.207). The period over which such expenditure is wasted begins when the expenditure is first reflected in the nature of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial