000			01210cab a2200193 4500
001			ABS44906
008			090401t1991 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u49821
041			_aeng
245			_aAlexander v Inland Revenue Commissioners
260			_c1991
350			_a0
490			_aEstates Gazette _v1991 EG 141-148(5)
520			_aCA 17 January 1991. Appeal by I against a LT decision determining deceased (A)`s leasehold interest at market value . Appeal raises questions as to determining the value for the purposes of capital transfer tax now inheritance tax of an interest in land, acquired by the deceased under the right to buy provisions in Housing Act 1980 (now contained in Housing Act 1985 Part V ). Interest acquired subject to a charge to secure repayment of discount or a percentage thereof on early disposal of interest. Deceased died within a year of acquisition. CA accepted valuation of leasehold interest should take into account the obligation to pay the discount . Applied the Inland Revenue Commissioners v Crossman principles. CA remitted case to the LT. Appeal allowed.
650			_aLAW CASE
690			_aTAXATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c31200 _d31200