Janette Cattell and Katharine West Withers LLP comment on the Pre-Owned Asset Guidance issued by the Revenue
With only days to go until the pre-owned asset rules (the Rules) took effect on 6 April 2005 the Inland Revenue as it then was (now HM Revenue & Customs) issued Guidance on how the Rules would work. Version one was issued on 17 March 2005. Amended versions followed on 31 March and 4 April.
The Guidance appears in user-friendly format on the Revenue's website. There is:
● an outline of the charge;
● notes on how to calculate the benefit subject to the charge;
● a section on the election into inheritance tax;
● a set of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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Janette Cattell and Katharine West Withers LLP comment on the Pre-Owned Asset Guidance issued by the Revenue
With only days to go until the pre-owned asset rules (the Rules) took effect on 6 April 2005 the Inland Revenue as it then was (now HM Revenue & Customs) issued Guidance on how the Rules would work. Version one was issued on 17 March 2005. Amended versions followed on 31 March and 4 April.
The Guidance appears in user-friendly format on the Revenue's website. There is:
● an outline of the charge;
● notes on how to calculate the benefit subject to the charge;
● a section on the election into inheritance tax;
● a set of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
