Depreciation in stock - why it matters so much
|Category|| Technical Articles
Article by Tim Ambrose, CIOT President 2003-2004. This article appeared in the December 2005 issue of Tax Adviser. Unless you have a particular interest in the whisky industry, or have some other reason for following the cases closely, you may be excused for being somewhat bemused by the issues, the sequence of events, and the complicated judgments surrounding the Mars UK
and Grant Distillers
cases on the tax treatment of depreciation in stock.
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December 2005 by