Faraday v Carmarthanshire County Council: LT 20 Oct 2003

LT TAX – corporation tax – market value in June 1988 – backland formerly part of petrol filling station – likely grant of planning permission for housing – access – comparables – value determined at andpound;900,000 – Capital Gains Tax Act 1979, s150

Citations:

[2003] EWLands TMA/89/2002

Links:

Bailii

Statutes:

Capital Gains Tax Act 1979 150

Cited by:

Appeal from – Faraday v Carmarthenshire County Council CA 10-May-2004
The claimant appealed against an award of compensation on the compulsory acquisition of his land by the defendant.
Held: The award was incorrect. The authority had wrongly deducted a sum in respect of ‘freed up time’ – which would have allowed . .
Lists of cited by and citing cases may be incomplete.

Corporation Tax, Capital Gains Tax

Updated: 30 June 2022; Ref: scu.225772