TITLE

Repayable grants

AUTHOR(S)
Greene, Chris; Meyer, Emanuel; Maddalena, Christina
PUB. DATE
August 1996
SOURCE
Accountancy;Aug1996, Vol. 118 Issue 1236, p76
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the British Inland Revenue's publication of two extra-statutory concessions dealing with the consequences for capital gains and capital allowances. Application to expenditure on an asset that has been met out of a grant that is later repaid to the donor; Goal of ensuring that the taxpayer is taxed on the actual gain he or she makes.
ACCESSION #
6753935

 

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