Coll and Coll v HM Revenue and Customs: UTTC 5 Mar 2010

UTTC CAPITAL GAINS TAX – exchange of shares for debentures – whether TCGA 1992 s 137 applies to each shareholder separately – no – whether Special Commissioner entitled to conclude that the main purpose was tax avoidance – yes – appeal dismissed

Judges:

Avery Jones CBE

Citations:

[2010] UKUT 114 (TCC), [2010] STI 2112, [2010] BTC 1513, [2010] STC 1849

Links:

Bailii

Statutes:

Taxation of Chargeable Gains Act 1992 137

Jurisdiction:

England and Wales

Capital Gains Tax

Updated: 01 September 2022; Ref: scu.428151