Capital gains tax and disposal dates
Series: Farm Tax Brief ; 19(6) July 2004, 3-4(2)Publication details: 2004Subject(s): Summary: Discusses the use of options in the disposal of property in relation to the case "Jerome v Kelly (HMIT)" ([2004] UKHL 25, Abs67879) which concerned the correct assessment of Capital Gains Tax liability on the disposal of land with development prospects. Options are not binding contracts for sale, with the grantee free to walk away and an intending purchaser bound into a contract only if the designated conditions are met.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68069 (Browse shelf(Opens below)) | 1 | Available | 126917-1001 |
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Discusses the use of options in the disposal of property in relation to the case "Jerome v Kelly (HMIT)" ([2004] UKHL 25, Abs67879) which concerned the correct assessment of Capital Gains Tax liability on the disposal of land with development prospects. Options are not binding contracts for sale, with the grantee free to walk away and an intending purchaser bound into a contract only if the designated conditions are met.