Annual value for stock-in-trade properties not let will be nil up to two years from completion certificate date. The amendment substitutes the words "nil for" with "nil up to" in the rule determining annual value for properties held as stock-in-trade and not let, so ... Summary
Annual value for stock-in-trade properties not let will be nil up to two years from completion certificate date.
The amendment substitutes the words "nil for" with "nil up to" in the rule determining annual value for properties held as stock-in-trade and not let, so that the annual value is treated as nil up to two years from the end of the financial year in which the completion certificate is obtained; effective 1 April 2026.
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