Commentary

C2.218 Expenditure reimbursed out of public money

Capital gains tax
Capital gains tax | Commentary

C2.218 Expenditure reimbursed out of public money

Capital gains tax | Commentary

C2.218 Expenditure reimbursed out of public money

No deduction is allowed in respect of any expenditure which has been or is to be met directly or indirectly by the Crown or by any government, public or local authority in the UK or elsewhere1.

By concession2 where such expenditure is later repaid in whole or in part, the consideration received on the disposal of the asset may be reduced by an amount equal to the amount repaid. Since the amount repaid is allowed as a deduction from sale proceeds rather than the acquisition cost, in strictness it would appear that any indexation

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