Commentary

C2.125 Investment currency premium

Capital gains tax
Capital gains tax | Commentary

C2.125 Investment currency premium

Capital gains tax | Commentary

C2.125 Investment currency premium

Exchange controls, except in relation to Zimbabwe, were abolished on 24 October 1979; in relation to Zimbabwe, exchange controls were abolished on 13 December 19791.

For the purpose of determining the market value of an asset which was subject to restrictions imposed by the Exchange Control Act 19472 such that part of what was paid by the purchaser was not retained by the seller, TCGA 1992, Sch 11, Pt I, para 7(2) allows for an adjustment as is appropriate having regard to the difference between the amount paid by the purchaser and the amount received by the

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