When calculating the chargeable gain on granting an option to purchase land, the costs of obtaining releases of restrictive covenants necessary to make the option worthwhile could not be deducted. Citations: Times 01-Dec-1998, [1998] EWCA Civ 1837 Statutes: Capital Gains Tax Act 1979 19(1)(a) Jurisdiction: England and Wales Capital Gains Tax Updated: 27 November 2022; … Continue reading Garner (HM Inspector of Taxes) v Pounds Shipowners and Shipbreakers Ltd and Garner (Hm Inspector of Taxes) v Pounds: CA 25 Nov 1998