Abandoned development option taxable
Abandoned development option taxable
- 1987
- Independent 12/6/87 p20 .
In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , CA 12 June 1987, the taxpayer company was found to be properly assessed to corporation tax on chargeable gains arising from a sum received in exchange for an abandoned property development option.
CAPITAL GAINS TAX
FINANCE ACT 1965
In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , CA 12 June 1987, the taxpayer company was found to be properly assessed to corporation tax on chargeable gains arising from a sum received in exchange for an abandoned property development option.
CAPITAL GAINS TAX
FINANCE ACT 1965