To save work for taxpayers and their advisers where part of an estate is disposed of (e.g. on the sale of a field) the Commissioners for Her Majesty's Revenue and Customs will accept that the cost of the part can be calculated on the alternative basis set out in this note instead of under the general rule which requires the unsold part to be valued in order to apportion the total cost of the estate. Instructions about the alternative basis have been issued to Inspectors of Taxes who will be glad to give information about its application to particular cases.
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