• TOFA rules and UCA

    Attention

    Warning:

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

    End of attention

    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: 05 Jul 2014QC 35444