Abandoned development option taxable
Language: English Series: Chartered Surveyor Weekly ; 17(5) 30 October 1986, 516(1)Publication details: 1986Subject(s): Summary: In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , July 1986, the court held that as the defendant had received payment for abandoning an option to participate in a property development , the gain is chargeable to tax.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2243-39 (Browse shelf(Opens below)) | 1 | Available | 14104-1001 |
In Powlson (Inspector of Taxes) v Welbeck Securities Ltd , July 1986, the court held that as the defendant had received payment for abandoning an option to participate in a property development , the gain is chargeable to tax.