Capital gains tax – roll-over relief on compulsory acquisition of land – section 247TCGA – whether disposal was to ‘an authority exercising or having compulsory powers’ within the definition in s.243(5) TCGA – that definition including a person for whom another person could be authorised to acquire the land transferred compulsorily for the purposes for which it was acquired – whether the actual purchaser was a person for whom the Commission for New Towns could have been authorised to acquire the land disposed of compulsorily for the purposes for which it was acquired – held that the Commission for New Towns could not have been so authorised – ss. 36 and 37 and Schedule 10 New Towns Act 1981 considered – appeal dismissed
Citations:
[2009] UKFTT 353 (TC)
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 13 October 2022; Ref: scu.409133
