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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Assets held on 6/4/65: additional expenditure after 5/4/65

TCGA92/SCH2/PARA16Gains or losses attributable to additional expenditure on or after 6 April 1965 are chargeable or allowable in full. Thus, if in the example in CG15575 the additional expenditure of £8,000 (item 2) had been incurred instead on 6 April 1970 the chargeable gain on the old basis would have been

26748 x 339 + 11145 x 339 + 17832 = 46360
                     
    135 + 339       63 + 339