When calculating the chargeable gain on granting an option to purchase land, the costs of obtaining releases of restrictive covenants necessary to make the option worthwhile could not be deducted.
Citations:
Times 01-Dec-1998, [1998] EWCA Civ 1837
Statutes:
Capital Gains Tax Act 1979 19(1)(a)
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 27 November 2022; Ref: scu.145316
