The year 1982 means different things to different people - Argentina invaded the Falklands and Bucks Fizz was top of the charts. For accountants 31 March 1982 in particular means the date from which the rebasing provisions to Market Value apply for an asset held at that date.
30 years - who refers to records going back 30 years? Apparently the Revenue should and were criticised for not doing so in a recent Tribunal case.
S Patrick Erdal v HMRC (TC00964) should be read by every accountant and minority holding shareholder of an unquoted company for the case was brought to decide the March 1982 valuation of shares so held. In so doing the Tribunal confirmed a list of principles and method of calculation.