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.
