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Exercising the right to buy

By: Language: English Series: Taxation ; 156(4046) 23 February 2006, 534-536(3)Publication details: 2006Subject(s): Summary: During the Thatcher era it was introduced that council tenants could purchase their properties at a discount to open market value, the amount of money involved depending on the length of time they had lived there. This article examines the tax implications when council tenants exercise their right to buy, with supported examples of legal cases.

During the Thatcher era it was introduced that council tenants could purchase their properties at a discount to open market value, the amount of money involved depending on the length of time they had lived there. This article examines the tax implications when council tenants exercise their right to buy, with supported examples of legal cases.