[The appeal against this decision is reported at [1996] BTC 25.]

3. The Crown accepts that, for the purposes of Section 115, the premises should be treated as having been taken into business use ‘on the acquisition’ thereof, notwithstanding the delay caused by the building works.

4. The taxpayer subsequently incurred £131,464 of ‘enhancement expenditure’ within Section 32(1)(b) Capital Gains Tax Act 1979 in respect of the premises.

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