Wasting asset
Language: English Series: Estates Gazette Case Summaries ; 1991 EGCS 8(2) (8 February 1992)Publication details: 1991Subject(s): Summary: In "Lewis v Inland Revenue Commissioners" ChD 16 January 1992, the court upheld the IRC argument that capital gains tax computation on the disposal of a leasehold interest in a house inherited by the appellant and his sister should be on the basis of a wasting asset under s37 and Schedule 3 to the Capital Gains tax 1979. Appeal dismissed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB2807-63 (Browse shelf(Opens below)) | 1 | Available | 33516-1001 |
In "Lewis v Inland Revenue Commissioners" ChD 16 January 1992, the court upheld the IRC argument that capital gains tax computation on the disposal of a leasehold interest in a house inherited by the appellant and his sister should be on the basis of a wasting asset under s37 and Schedule 3 to the Capital Gains tax 1979. Appeal dismissed.