000			01269cab a2200241 4500
001			ABS38657
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u11801
041			_aeng
100			_aWilliams, D.
245			_aCapital gains tax and servant`s cottages
260			_c1987
350			_a0
490			_aLaw Society`s Gazette _v34(42) 18 November 1987, 3317-21(3)
520			_aA substantial capital gains tax bill may await someone selling a servant`s cottage either individually or as part of an estate. The problem arises when the cottage is not the dwelling place of the taxpayer, and he is therefore not exempt from tax on the gain arising from disposal. Three cases recently considered this issue, Batey v Wakefield (1981) (WB1726-68); Markey (HMIT) v Sanders (1987) (Abs 37763) and Williams (HMIT) v Merrylees (1987) STC 445, reaching the conclusion that each case rests on the precise facts. It is up to the taxpayers` representatives to ensure that all facts favourable to the taxpayer are brought to the inspectors attention.
650			_aCAPITAL GAINS TAX
650			_aEXEMPTION
650			_aPRIVATE RESIDENCE EXEMPTION
650			_aRESIDENTIAL PROPERTY _96266
690			_aTAXATION
942			_n0
948			_c04/03/1997
999			_c7534 _d7534