FTTTx Income tax – Schedule 13 Finance Act 1996 – loss claimed on disposal of a relevant discounted security – house and cash transferred to family trust and loan note issued to settlor – tax avoidance scheme – purposive interpretation of the legislation – realistic view of the transaction – transfer of assets to trustees was mostly a gift and not part of the amount paid in respect of the acquisition of the security – Appeal dismissed
[2011] UKFTT 219 (TC), [2011] SFTD 597
Bailii
England and Wales
Updated: 08 October 2021; Ref: scu.442960
