Abandoned development option taxable
Language: English Series: Independent ; 12/6/87 p20Publication details: 1987Subject(s): Summary: In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , CA 12 June 1987, the taxpayer company was found to be properly assessed to corporation tax on chargeable gains arising from a sum received in exchange for an abandoned property development option.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2324-39 (Browse shelf(Opens below)) | 1 | Available | 19850-1001 |
In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , CA 12 June 1987, the taxpayer company was found to be properly assessed to corporation tax on chargeable gains arising from a sum received in exchange for an abandoned property development option.