Fd Fenston Will Trusts v Revenue and Customs: SCIT 7 Feb 2007

FTTTx CAPITAL GAINS TAX – Computation of gains – Expenditure – Shares – Capital contributions to Delaware Company – Whether incurred ‘on the asset’ – Yes – Whether reflected in the state or nature of the asset the time of disposal – No – Appeal dismissed – TCGA 1992 s.38(1)(b)

Citations:

[2007] UKSPC SPC00589

Links:

Bailii

Capital Gains Tax

Updated: 10 July 2022; Ref: scu.251319