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Explainaway Ltd, Quartfed Ltd Parastream Limited v HM Revenue and Customs; UTTC 19 Oct 2012

References: [2012] UKUT 362 (TCC), FTC/72 & 79/2011
Links: Bailii
CORPORATION TAX – scheme to avoid tax on chargeable gains – whether derivative transactions gave rise to chargeable gains and losses – whether loss arising on disposal of shares in group company was an allowable loss – ICTA, s 128, and TCGA, ss 2 and 143 – application of Ramsay principle

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