No gains tax relief on staff house
No gains tax relief on staff house
- 1987
- Times 31/3/87 p43 .
In Markey (Inspector of Taxes) v Sanders , 27 February 1987, it was held on the sale of a country house that the private residence exemption from capital gains tax contained in Capital Gains Tax Act 1979 s101 , s102 did not apply to the gain that related to the disposal of self-contained, detached staff accommodation .
CAPITAL GAINS TAX
EXEMPTION
PRIVATE RESIDENCE RELIEF
RESIDENTIAL PROPERTY
In Markey (Inspector of Taxes) v Sanders , 27 February 1987, it was held on the sale of a country house that the private residence exemption from capital gains tax contained in Capital Gains Tax Act 1979 s101 , s102 did not apply to the gain that related to the disposal of self-contained, detached staff accommodation .
CAPITAL GAINS TAX
EXEMPTION
PRIVATE RESIDENCE RELIEF
RESIDENTIAL PROPERTY