½Û×ÓÊÓÆµ

Home / Simons-Taxes /Capital gains tax /Part C2 Computation of chargeable gains /Division C2.2 Allowable expenditure for capital gains /Restrictions on allowable expenditure for capital gains / C2.218 Expenditure reimbursed out of public money
Commentary

C2.218 Expenditure reimbursed out of public money

Capital gains tax

No deduction is allowed in respect of any expenditure which has been or is to be met directly or indirectly by the Crown or by any government, public or local authority in the UK or elsewhere1. For a case example see Penrith Rugby Union Football Club2 in C3.304.

By concession3 where such expenditure is later repaid in whole or in part, the consideration

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

Web page updated on 17 Mar 2025 16:20