SCIT Capital gains tax – purchase of plot held for some years – subsequent construction of only or main residence – later disposals of two plots – what deductions allowable – extent of ‘permitted area’ – whether period of ownership began with construction of residence or acquisition of land – whether apportionment necessary – details submitted on Forms R40 and SA108 – whether ‘returns’ – whether enquiry properly commenced – whether assessments valid – whether enquiry for following year valid
Citations:
[2006] UKSPC SPC00550
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 02 September 2022; Ref: scu.242825
