Better Buy

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  • #45460
    Anonymous
    Guest

    While testing of our CTAX reduction scheme, can someone please help me. In the Prescribed and Default scheme, 2AR still exists, however I can find no mention of the "better buy" practice. Can anyone tell me if this still exists?

    #127924
    Jon__Blackwell
    Participant

    Good question : for CTB the better buy itself is s131(9) SSCBA 1992 – but of course, the CTR is under LGFA 1992.

    I’ve not had time to check if the necessary anlogous (or saving or deeming) provisions have been made to allow the better buy to work. You might need to look in LGFA 2012 for these.

    #127942
    Julian Hobson
    Participant

    by implication do you not now get both ?

    #127951
    Anonymous
    Guest

    Paragraph 32(5) and (6) of the default scheme covers this. If you have based your scheme on the default template, there is a better buy built in. If you haven’t, well …

    #127956
    Jon__Blackwell
    Participant

    You’re quite right, Peter. I’d completely missed that. Good point about local schemes…

    #127964
    Anonymous
    Guest

    Thank you for your help

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