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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Leases: merger: allowable expenditure

On any disposal of this single asset, the allowable expenditure will be the sum of the consideration given for

  • the acquisition of the earlier lease, but see CG71402, and
  • the acquisition of the superior interest (the freehold reversion or the superior leasehold interest).