Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 295
Option in case of succession under will or intestacy
Section 295 allows a person who inherits a trade from a deceased trader to elect for special treatment of the machinery or plant used in that trade, so as to defer the normal balancing adjustment that would arise on the death.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.