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Good news for Nora!

28 November 2007 / Keith M Gordon
Issue: 4136 / Categories: Comment & Analysis , Capital Gains
Business asset taper relief and tainted taper continue to cause problems. KEITH GORDON borrows Nora Batty's broom to sweep up a recent problem


  • The 'mixed use' situation.
  • Analysing the periods of ownership.
  • Splitting the gain and 'tainted taper'.
  • Calculating the business asset taper relief entitlement.

I have often criticised the taper relief rules as being incompatible with much of the rest of the capital gains tax legislation.

Furthermore despite being introduced as a simplifying measure (see press release IR16 following the Budget in 1998) taper relief has undoubtedly added further complexity to the capital gains tax code.

The problems with the taper relief rules were then compounded by the changes introduced in and after 2000.

In a recent Readers' forum query 'Shopping relief' (see Related Links above) the querist 'N. Batty' — let's call her (or him even) Nora asks how much taper relief is available on the disposal of a shop...

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