INCOME TAX – disposal of gilt strips – determination of loss under paragraph 14A Schedule 13 Finance Act 1996 – whether amount paid by transferee to a person other than the transferor is an ‘amount payable on the transfer’ – yes – profit on transactions arising to trustees of settlement – whether profit should be regarded as income for tax purposes – no – appeal allowed in part
Citations:
[2019] UKFTT 177 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 22 October 2022; Ref: scu.635739