ETZ promoters expect concession
Language: English Series: Money Week ; 23 February 1994, 5 | Property Week ; 46(8) 24 February 1994, 8(2)Publication details: 1994Subject(s): Summary: Enterprise zone investors hope that Inland Revenue will compromise on plans to claw back capital allowances if an interest in EZ property is sold within 25 years. The Inland Revenue has extended the concession allowing capital allowances to buyers of already occupied buildings to 31 August. Discusses the "R v IRC ex parte Matrix Securities Ltd" 1994 HL ruling that Inland Revenue was entitled to overrule the pre-clearance given on the Matrix South Quay scheme because the inspector was not qualified to make the decision.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3008-45 (Browse shelf(Opens below)) | 1 | Available | 76267-1001 |
Enterprise zone investors hope that Inland Revenue will compromise on plans to claw back capital allowances if an interest in EZ property is sold within 25 years. The Inland Revenue has extended the concession allowing capital allowances to buyers of already occupied buildings to 31 August. Discusses the "R v IRC ex parte Matrix Securities Ltd" 1994 HL ruling that Inland Revenue was entitled to overrule the pre-clearance given on the Matrix South Quay scheme because the inspector was not qualified to make the decision.