From reading the other threads, I think I've got the tax treatment understood but I'm hoping someone can confirm the following. Or if anyone knows of any revenue documents talking about this people point me in their direction.
Year1 - buy 10k
Year2 - buy 10k
Year8 - Value 25k
Deemed disposal is
acquisition cost of 20k, disposal of 25k
So 5k libel for tax? Or is the year2 amount not counted until year 9.
Secondly what happens in the follow situation
Year1 - buy 10k
Year8 - Value 8k
No tax liability
Year16 - Value 10k
Is the liability zero or 2k?
Year1 - buy 10k
Year2 - buy 10k
Year8 - Value 25k
Deemed disposal is
acquisition cost of 20k, disposal of 25k
So 5k libel for tax? Or is the year2 amount not counted until year 9.
Secondly what happens in the follow situation
Year1 - buy 10k
Year8 - Value 8k
No tax liability
Year16 - Value 10k
Is the liability zero or 2k?