Time apportionment
Time apportionment
- 1993
- Property Finance April 1993, 47(1) .
Discusses the implications of a test case referred from the CA to HL "Smith v Schofield" raising the question of whether time apportionment should be applied before or after indexation relief when calculating capital gains tax on assets and property purchased before the introduction of the tax in April 1965. Worked example.
CAPITAL GAINS TAX
INDEXATION ALLOWANCE
TIME APPORTIONMENT
Discusses the implications of a test case referred from the CA to HL "Smith v Schofield" raising the question of whether time apportionment should be applied before or after indexation relief when calculating capital gains tax on assets and property purchased before the introduction of the tax in April 1965. Worked example.
CAPITAL GAINS TAX
INDEXATION ALLOWANCE
TIME APPORTIONMENT