An assignment of the consideration due under a contract does not alter the capital gains tax liability of the person making the disposal.
Judges:
Park J
Citations:
[2001] STC 1298
Jurisdiction:
England and Wales
Cited by:
Cited – Jerome v Kelly (Her Majesty’s Inspector of Taxes) HL 13-May-2004
In 1987, trustees holding land for various beneficiaries in undivided shares entered into a contract to sell it to a purchaser. In 1989 Mr and Mrs Jerome, who were absolutely entitled to interests in the land, assigned part of their beneficial . .
Lists of cited by and citing cases may be incomplete.
Capital Gains Tax
Updated: 13 May 2022; Ref: scu.196891