FTTTx Capital Gains Tax – allowable deductions from disposal proceeds – purchase of one half share in property followed by later purchase of the other half share – latter transaction treated in tax return for the year in question as disposal of existing half share and acquisition of entire property, resulting in small tax payment – whether, on a later disposal of the entire property, the Appellant should be allowed to deduct market value of entire property at time of 100% acquisition – held no – appeal dismissed
[2013] UKFTT 373 (TC)
Bailii
England and Wales
Capital Gains Tax
Updated: 17 November 2021; Ref: scu.513510