Capital Gains Tax changes
Capital Gains Tax changes
- 1988
- Financial Times 11/5/88 p12 CLA Press Release 12/5/88 (2) .
Changes to the Finance Bill, agreed this week, will enable taxpayers to elect to have future capital gains tax liabilities computed without reference to the pre-1982 value of assets. The CLA has welcomed this move which will enable a loss on the sale of land relative to its 1982 value to be offset against a capital gain in the value of a milk quota .
Changes to the Finance Bill, agreed this week, will enable taxpayers to elect to have future capital gains tax liabilities computed without reference to the pre-1982 value of assets. The CLA has welcomed this move which will enable a loss on the sale of land relative to its 1982 value to be offset against a capital gain in the value of a milk quota .