Chancery Division.

Judgment delivered 29 November 1982.

Corporation tax – Capital allowances – Payment to secure release of option to purchase granted over taxpayer company’s asset – Whether capital or revenue – Whether expenditure on provision of an asset – Whether payment qualified for initial allowance or writing-down allowance – Capital Allowances Act 1968, sec. 18(1); 19(1).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.