Special rule for small part-disposals

TCGA92/S243

Where the land acquired under a compulsory purchase order was only part of a holding of land, and certain other conditions are satisfied, see below, the taxpayer can claim that the special rule in TCGA92/S243 should apply. If this treatment is claimed, and if the relevant conditions are satisfied, the consequences are as follows:

No gain arises.

The compensation received is deducted from the allowable expenditure on the entire holding.

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