CG16703 - Rebasing to 31/3/82: outline of the legislation

Alternatively a taxpayer can elect within certain specified time limits to use the 31 March 1982 market value for all computational purposes, see CG16760. This election is irrevocable and normally it will apply to all disposals of all assets held at 31 March 1982. However certain assets are specifically excluded, see CG16780.