FTTTx Capital Gains Tax/Taxation of Chargeable Gains : Exemptions and Reliefs – EIS deferral relief – refusal of HMRC to issue EIS 1 – whether appellant existed wholly for the purpose of carrying on a qualifying trade – whether shares issued in order to raise money for a qualifying business activity – whether share issue proceeds employed wholly for the purpose of the qualifying business activity within the relevant time limits – paragraphs 1(2)(b), (f), (g) and (h) Schedule 5B TCGA – significant amounts expended on improving freehold property used in the business but owned by the shareholder – significant amounts expended on art and antiques to enhance that property – held requirements not satisfied – appeal dismissed
[2015] UKFTT 328 (TC)
Bailii
England and Wales
Capital Gains Tax
Updated: 02 January 2022; Ref: scu.550274
