CAPITAL GAINS TAX – securities issued in exchange for shares – whether securities became qualifying corporate bonds on subsequent amendment of terms – yes – whether amendment amounted to a conversion of securities – yes – whether gain on subsequent redemption chargeable to tax – yes – appeal dismissed
Citations:
[2010] UKUT 230 (TCC), [2010] STI 2349, [2010] STC 2032, [2010] BTC 1644
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 01 September 2022; Ref: scu.428161