Jefferies and Another v Revenue and Customs: FTTTx 29 Oct 2009

FTTTx CGT – PRIVATE RESIDENCE RELIEF – TAPER RELIEF FOR BUSINESS ASSETS- Appellants disposing of a hotel – capital asset – part business, part non-business use of asset – private residence relief available in relation to non- business gains – yes – were all of remaining gains eligible for business asset taper relief – should remaining gains be re-apportioned into business and non- business gains for taper relief purposes – yes – but just and reasonable apportionment required – all remaining gains eligible for business asset taper relief – Appeal allowed.

[2009] UKFTT 291 (TC)
Bailii
England and Wales

Capital Gains Tax

Updated: 02 January 2022; Ref: scu.409078