FTTTx CAPITAL GAINS TAX – Enterprise Investment Scheme – eligible shares – EIS income tax relief not claimed because income below personal allowance – whether CGT exemption only available if EIS relief claimed – whether the legislation should be interpreted ‘purposively’ on a reverse Ramsay basis -whether the legislation can be ‘read down’ under the Human Rights Act section 3 – HMRC refusal to allow late claim – whether TMA s 118(2) allows a late claim on the basis of reasonable excuse – whether Tribunal has jurisdiction over HMRC’s care and management powers – appeal dismissed.
[2015] UKFTT 337 (TC)
Bailii
England and Wales
Capital Gains Tax
Updated: 02 January 2022; Ref: scu.550290
