Commentary

C2.507 Compensation payments and grants in respect of land

Capital gains tax
Capital gains tax | Commentary

C2.507 Compensation payments and grants in respect of land

Capital gains tax | Commentary

C2.507 Compensation payments and grants in respect of land

The detailed commentary on chargeable gains and allowable losses in respect of land and interests in land is covered in Division C2.11.

As to the compulsory acquisition of land in particular, see C2.1115–C2.1118. The main principle is that where land is acquired by an authority possessing compulsory powers, the purchase price, compensation or other consideration for the acquisition may be apportioned1 and treated in part as a capital sum2 (see C1.319) in compensation for loss of goodwill or for disturbance or otherwise3. See C2.1115.

Rollover relief is available for certain disposals to authorities

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