Commentary

C2.609 Disposals before 6 April 1985

Capital gains tax
Capital gains tax | Commentary

C2.609 Disposals before 6 April 1985

Capital gains tax | Commentary

C2.609 Disposals before 6 April 1985

On a disposal before 6 April 1985 (1 April 1985 for companies) of an asset held at 31 March 1982, no special provisions applied to take account of the value of the asset at that date, either in computing the gross gain or in calculating the indexation allowance. The chargeable gain or allowable loss was computed by reference to the actual consideration given for the asset, subject to the rules relating to assets held on 6 April 1965 (see C2.610–C2.613).

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