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  • TOFA rules and UCA



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The TOFA rules contain interaction provisions which may modify the cost and termination value of a depreciating asset acquired by a trust to which the TOFA rules apply. This will be the case where the consideration (or a substantial proportion of it) is deferred for greater than 12 months after delivery.

    Last modified: 13 Feb 2019QC 35444