CGT - small disposals of land
CGT - small disposals of land
- 2002
- Farm Tax Brief 17(2) March 2002, 1-3(3) .
Discusses the Special Capital Gains Tax rules for small part disposals of land. Originally thought to only postpone the tax charge, it may become a tax charge exempted or reduced under certain conditions. The Small Part Disposals Relief contains too many discouragements but TCGA 1992 s242 is available for disposals to anyone but with some restrictions. Discusses the options available within these restrictions and an example.
CAPITAL GAINS TAX
PART DISPOSAL
LAND DISPOSAL
TAXATION OF CHARGEABLE GAINS ACT 1992 S242
Discusses the Special Capital Gains Tax rules for small part disposals of land. Originally thought to only postpone the tax charge, it may become a tax charge exempted or reduced under certain conditions. The Small Part Disposals Relief contains too many discouragements but TCGA 1992 s242 is available for disposals to anyone but with some restrictions. Discusses the options available within these restrictions and an example.
CAPITAL GAINS TAX
PART DISPOSAL
LAND DISPOSAL
TAXATION OF CHARGEABLE GAINS ACT 1992 S242