Commentary

C2.201 Allowance of expenditure generally

Capital gains tax
Capital gains tax | Commentary

C2.201 Allowance of expenditure generally

Capital gains tax | Commentary

Division C2.2     Allowable expenditure

Division C2.2 revised by
ANDY RICHENS ATII

Tax Technical Director Bishop Fleming

For updates affecting this Division please see Part C0 Updates

Allowable expenditure

C2.201 Allowance of expenditure generally

No formula is prescribed by legislation for the computation of chargeable gains or allowable losses and it is implicit that gains or losses are computed as the difference between the consideration received for disposal and the consideration given for acquisition of the asset by the disponor.

The scheme of the legislation concerning allowable expenditure is chiefly to place restrictions on the expenditure which may be taken into account in the computation.

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