FTTTx INCOME TAX – relevant discounted securities the terms of which resulted in very substantial diminution in value 15 days after issue – Mayes, Astell, Berry, Campbell and Audley considered – whether the amount paid was the value of the RDS after 14 days – yes – whether the taxpayer acquired the RDS when it was always intended to give them to a trust – no – whether the anti-avoidance provisions of paragraph 9A applied – no – appeal dismissed.
Judges:
Mosedale J
Citations:
[2013] UKFTT 189 (TC)
Links:
Income Tax
Updated: 14 November 2022; Ref: scu.472394