Related Commentary  Related HMRC Manuals

147(1)  This section applies if, in the relevant period, an interest in land in the cemetery or memorial garden is sold with a view to the land being used–

(a)for the purpose of interments, or

(b)for memorial garden plots.

147(2)  A deduction is allowed for–

(a)capital expenditure incurred by the trader, or a predecessor, on the purchase of an interest in the land or on the preparation of the land, and

(b)ancillary capital expenditure allocated to the relevant period under section 148 (allocation of ancillary capital expenditure).

147(3)  But no expenditure is to be brought into account–

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