FTTTx Income tax – Enterprise Investment Scheme – Management Buyout by way of asset sale to newly-incorporated company – whether relief on issue of shares in purchasing company precluded under s 291(2)(c) TA 88 by reason of manager’s previous involvement as employee in the trade as carried on under different ownership – s 291A(5)(b)(ii) TA 88 considered – held relief available in spite of such previous involvement
[2010] UKFTT 579 (TC)
Bailii
England and Wales
Income Tax
Updated: 20 January 2022; Ref: scu.567579