BIM52525 - Crematoria: memorials
How to compute the amount deductible
You may give allowance, in computing crematoria profits, in accordance with the following arrangement, for the cost of various forms of memorial: for example individual tablets attached to walls, or recordia (vertical frameworks designed to accommodate a number of inscriptions)
- Receipts from the sale of tablets and charges for making inscriptions etc should be treated as trading receipts.
- From the amount received for each tablet, inscription etc there should be deducted
- the specific cost of production of that tablet, inscription etc, and
- two-thirds of the general cost as defined in (c).
- In the case of individual tablets, you should take the general cost as an appropriate fraction of the cost of the building or other structure (excluding land) to which the tablet is attached, provided that the building etc is used wholly or mainly for the purpose of accommodating memorials. In the case of inscriptions in recordia, you should take the general cost of the inscription as a fraction of the cost of the framework determined by the number of such inscriptions it is designed to hold. The cost of the framework may include a suitable fraction of the cost of the building etc to which it is attached provided that the building etc is used wholly or mainly for the accommodation of memorials.
