Retirement tax relief could be claimed by an individual on land owned through a limited company. There was no explicit requirement for direct ownership at the time of cessation. Here farmed land was sold by a limited company at the time of the owner’s retirement, but although no shares were sold, but the sale remained … Continue reading Plumbly and others (Representatives of the Estate of S C Harbour Deceased) and Spencer (HM Inspector of Taxes): CA 17 Jun 1999

Retirement relief was not lost despite a 4 week gap between a disposal and the cessation of a business. Citations: Ind Summary 04-Jul-1994, Times 08-Jun-1994 Statutes: Finance Act 1985 70(7) Jurisdiction: England and Wales Capital Gains Tax Updated: 05 May 2022; Ref: scu.79199