The Taxing Issue of Characterisation in Property Developments

Date uploaded:
16 Feb 2017

With the introduction of capital gains tax in 1985, the distinction between gains made on capital account and those made on revenue account became less important.  However, although less important, the distinction still has significant tax consequences and as a result, cases on the capital revenue distinction continue to occupy the courts today. Accordingly, there are a number of instances where the capital revenue distinction is of great importance to the taxpayer.

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