Barnett v Revenue and Customs: FTTTx 21 Jan 2010

FTTTx CAPITAL GAINS TAX – Adjustment to self-assessment producing an increased chargeable gain for the year 2005/06 by reference to an agreed downwards adjustment in the acquisition cost of a property disposed of – whether an allowable loss on a disposal of shares not yet made could bet set off against the chargeable gain to reduce the additional tax payable to nil – held, no – the Tribunal had no jurisdiction to adjudicate on allegations that the Appellant had been treated unreasonably or unfairly by the Respondents

John Walters QC
[2010] UKFTT 39 (TC)
Bailii
England and Wales

Capital Gains Tax

Updated: 10 November 2021; Ref: scu.408873