Taxation of Chargeable Gains Act 1992 Schedule 8 paragraph 1

Leases of land as wasting assets: curved line restriction of allowable expenditure

Schedule 8 paragraph 1 sets out special rules for restricting the allowable expenditure on disposal of a short lease of land (one with 50 years or less remaining), using a curved line depreciation method rather than the standard straight line approach.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.