A deduction is allowed for certain capital expenditure that has been incurred by a trader, the deduction being given not when the expenditure is incurred but at the time that the interest in the land in the cemetery etc is sold (ITTOIA 2005, s. 170). More specifically, relief is given where there is a sale of the land in the ‘relevant period’, i.e. the period of account for which profits are being calculated for tax purposes.

For relief to be due, the sale of land must be made with a view to its being used for the purpose of interments or for memorial garden plots.

Relief is given for:

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