Whether a valuable painting which had increased very substantially in value was a ‘wasting asset with a predictable life not exceeding 50 years’.
Judges:
Lord Justice Rimer
Citations:
[2014] EWCA Civ 278, [2014] STI 1560, [2014] BTC 12, [2014] 1 WLR 3902, [2014] WTLR 791, [2014] STC 1100, [2014] 3 All ER 50
Links:
Statutes:
Taxation of Chargeable Gains Act 1992 44
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 20 May 2022; Ref: scu.522604
