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Official guidance
Capital Gains Manual

CG71140P · Land: leases: disposal of a short lease

  • CG71140 · Leases: disposal: short leases: introduction
  • CG71141 · Short leases: disposal: allowable expenditure
  • CG71170 · Short leases: disposal: lease subject to sub-lease not at rack rent
  • CG71180 · Short leases: disposal: interaction with capital allowances
  • CG71190 · Short leases: disposal of lease wasting asset at 6/4/65
  • CG71200 · Short leases: disposal: relief given under ITTOIA05/S61 or CTA09/S63
  • CG71210 · Short leases: assignment of short lease granted at under value
  1. Land: leases: disposal of a short lease: contents
  2. Short leases: disposal: interaction with capital allowances

CG71180 | Short leases: disposal: interaction with capital allowances

From HM Revenue & Customs · Capital Gains Manual

TCGA92/Sch 8/Para 1 (6)

If any of the expenditure incurred on the acquisition of a short lease, or on the enhancement of its value, has qualified for capital allowances, that expenditure is not wasted under TCGA92/Sch 8/Para 1 (4).

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