Accrued income scheme

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July 6, 2020 at 3:44 pm #576138
a7mdsuliman
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Good day,

at the accrued income scheme 3.3, the notes talked about the purchaser and the difference balance which will be assessed on the difference which is perfectly explained and fine for me but what about the seller since we said no CGT on disposal and that’s it ?

Thanks
Ahmed
July 11, 2020 at 11:04 am #576564
Tax Tutor
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As you correctly state section 3.3 of chapter 2 deals with the accrued income scheme but the note and the example within it does clearly deal with the seller as well as the buyer with calculations shown for how much income is assessed on the seller and the buyer
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