UTTC Taxation of Chargeable Gains Act 1992, sections 44 and 45 – whether a valuable painting displayed in Castle Howard was ‘plant’ within section 44(1)(c) of the 1992 Act – whether the painting satisfied the test as to function – whether the painting satisfied the test as to permanence – whether the painting was not … Continue reading Lord Howard of Henderskelfe (Deceased) v Revenue and Customs: UTTC 11 Mar 2013
References: [2013] UKUT 129 (TCC) Links: Bailii UTTC Taxation of Chargeable Gains Act 1992, sections 44 and 45 – whether a valuable painting displayed in Castle Howard was ‘plant’ within section 44(1)(c) of the 1992 Act – whether the painting satisfied the test as to function – whether the painting satisfied the test as to … Continue reading Lord Howard of Henderskelfe (Deceased) v Revenue and Customs; UTTC 11 Mar 2013
Capital Gains Tax – valuation of shares – claim of negligible value – Taxation of Chargeable Gains Act 1992 section 24(2) – whether sections 272 and 273 applicable – appeal allowed Citations: [2011] UKFTT 645 (TC) Links: Bailii Jurisdiction: England and Wales Capital Gains Tax Updated: 30 January 2022; Ref: scu.449595
An assessment to income tax had been raised after the employee resold shares in the company issued through the employees’ share scheme at a price which the Revenue said was above the share value. The company appealed against a finding that tax was payable. Held: The appeal failed. The Revenue should calculate the price which … Continue reading Grays Timber Products Ltd v Revenue and Customs: SC 3 Feb 2010
FTTTx Capital Gains Tax – Whether property was only or main residence of Appellant – Whether Appellant had separated from his wife – Section 222 Taxation of Chargeable Gains Act 1992 – Appeal dismissed Brooks TJ [2011] UKFTT 457 (TC) Bailii Taxation of Chargeable Gains Act 1992 222 England and Wales Capital Gains Tax Updated: … Continue reading Benford v Revenue and Customs: FTTTx 8 Jul 2011
A settlor by will was deemed to have had an interest as funds were passed to a Jersey Trust. The section merely made or allowed that a variation of a will would not be a taxable event in UK law. It had no other effects. A deed of family arrangement . .
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