OT30154 - Capital Gains

Allowable Costs. Wasting Assets Rules. March 1982 Rebasing. Apportionments.

In many cases it will be clear that the entire March 1982 value relates to expenditure which originally qualified in full for capital allowances, and it will not be necessary in practice to make detailed apportionments along the above lines. Where apportionment is necessary it should be done on a reasonable and just basis under TCGA92\s52(4) . In some cases a straightforward pro-rata apportionment may be appropriate, but in other cases more complex valuations will be required.