447 Restriction of profits on strips by reference to original acquisition cost
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

447  Restriction of profits on strips by reference to original acquisition cost

(1)     This section applies if—

(a)     a person makes a profit on the disposal of a strip (apart from this section), and

(b)     the person's original acquisition cost for the strip (see subsection (4)) exceeds the amount that falls to be brought

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