Allowable expenditure, straightline restriction

Antique clocks and watches

Assets other than land leases

Base cost

Capital allowances

Capital gains tax

Chattels

Assets used in trade or business

Expenditure qualifying for capital allowances

Generally

Commodity dealing

Computation of gains

Disposals by persons using the cash basis

Exclusions

Exemption entitlement

Exemptions

Extended lease

Fishing vessels, trawlers etc.

Generally

Inclusions

Inheritance tax

Fall in value of property transferred within seven years before death

Leases as

Land

Leases

Leases of land

Life interest in settled property

Machinery and plant

Meaning

Motor vehicles etc.

Options

Painting displayed in Castle Howard, plant or wasting asset

Plant and machinery allowances

Residual or scrap value, meaning

Restoration of asset

Short leases

Short leases of land

Tangible movable property

Trade use

Transfers within three years before death

Wines and spirits