Pre-owned assets - the home straight?
Pre-owned assets - the home straight?
- 2004
- Farm Tax Brief 19(8) October 2004, 1-2(2) .
Discusses latest consultation paper on pre-owned assets relating to valuations and quantifying the amount of chargeable benefit on which income tax will be charged. Farmers and owners (or former owners) will be particularly affected where the issue is in relation to land, where the valuation issues will arise from the need to establish the annual value upon which income tax charges will be levied.
PRE-OWNED ASSET CHARGE
FARMLAND
FARMERS
LANDOWNERS
ANNUAL VALUE
AGRICULTURAL PROPERTY
VALUATIONS
INCOME TAX
Discusses latest consultation paper on pre-owned assets relating to valuations and quantifying the amount of chargeable benefit on which income tax will be charged. Farmers and owners (or former owners) will be particularly affected where the issue is in relation to land, where the valuation issues will arise from the need to establish the annual value upon which income tax charges will be levied.
PRE-OWNED ASSET CHARGE
FARMLAND
FARMERS
LANDOWNERS
ANNUAL VALUE
AGRICULTURAL PROPERTY
VALUATIONS
INCOME TAX