000 01004cam a2200229 4500
001 ABS68069
008 040723n2004 000 0 eng u
035 _a(Sirsi) u126917
245 _aCapital gains tax and disposal dates
260 _c2004
490 _aFarm Tax Brief
_v19(6) July 2004, 3-4(2)
520 _aDiscusses the use of options in the disposal of property in relation to the case "Jerome v Kelly (HMIT)" ([2004] UKHL 25, Abs67879) which concerned the correct assessment of Capital Gains Tax liability on the disposal of land with development prospects. Options are not binding contracts for sale, with the grantee free to walk away and an intending purchaser bound into a contract only if the designated conditions are met.
590 _aABS
590 _aABS
650 _aJEROME V KELLY (HMIT)
650 _aCAPITAL GAINS TAX ACT 1979
650 _aDISPOSALS
650 _aINTERESTS IN LAND
650 _aDISPOSAL OF PROPERTY
690 _aTAXATION-CASE LAW
942 _n0
999 _c117765
_d117765