FTTTx CAPITAL GAINS TAX – ss 86, 87, 90, 97 and Schedule 5 TCGA -‘Flip Flop’- whether taxpayer still interested within s.86(1)(d) in first settlement from which he was excluded because money borrowed by first settlement settled on second settlement? No – Whether taxpayer regarded as receiving capital payment within s.87(4) when money transferred to second settlement? Yes – Whether outright payment of money within s.97(4)? Yes – Appeal allowed in part.
[2009] UKFTT 203 (TC)
Bailii
Taxation of Chargeable Gains Act 1992 86
England and Wales
Updated: 12 October 2021; Ref: scu.409001
