Enhancement Expenditure

    November 2015

    Practical point 81 in April 2014 TAXline reported the decision of the FTT in Blackwell v HMRC TC03243 where the meaning of enhancement expenditure for CGT purposes under s38(1)(b), Taxation of Chargeable Gains Act 1992 was considered. The tribunal found for the taxpayer, but an appeal has now been heard in the UT and the decision overturned.