FTTTx INCOME TAX – Relief for gifts of shares to charity – whether arrangement designed to enhance relief or create artificial tax losses – market value of shares on initial listing – whether company’s main asset acquired shortly before listing at a reduced price – if so, impact on value of listed shares – relevance of market transactions on first day of listing – basis of valuation to be adopted – determination of market value – appeal allowed and disallowance of relief on claim re-determined
Citations:
[2014] UKFTT 396 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 09 July 2022; Ref: scu.525343