Exercising the right to buy
De Souza, Jeremy
Exercising the right to buy - 2006 - Taxation 156(4046) 23 February 2006, 534-536(3) .
During the Thatcher era it was introduced that council tenants could purchase their properties at a discount to open market value, the amount of money involved depending on the length of time they had lived there. This article examines the tax implications when council tenants exercise their right to buy, with supported examples of legal cases.
HOUSING ACT 1985
ALEXANDER V CIR [1991] STC 112
CROSSLEY V CROSSLEY [2005]
JIGGINS V BRISLEY [2003]
BARCLAYS MERCANTILE BUSINESS FINANCE LTD V MAWSON [2005]
Exercising the right to buy - 2006 - Taxation 156(4046) 23 February 2006, 534-536(3) .
During the Thatcher era it was introduced that council tenants could purchase their properties at a discount to open market value, the amount of money involved depending on the length of time they had lived there. This article examines the tax implications when council tenants exercise their right to buy, with supported examples of legal cases.
HOUSING ACT 1985
ALEXANDER V CIR [1991] STC 112
CROSSLEY V CROSSLEY [2005]
JIGGINS V BRISLEY [2003]
BARCLAYS MERCANTILE BUSINESS FINANCE LTD V MAWSON [2005]