Timing and quantifying rules - Life insurance rules - Transitional adjustments and annuities
EY 47: Deductions for disposal of property
You could also call this:
“This rule about tax deductions for selling property no longer applies”
This part of the law used to talk about how you could get tax deductions when you sell or get rid of property. However, this rule doesn’t exist anymore. The government removed it on 1 July 2010. If you want to know more about tax deductions for selling property now, you’ll need to look at other parts of the tax laws.
