swarb.co.uk - law index
These cases are from the lawindexpro database. They are now being transferred to the swarb.co.uk website in a better form. As a case is published there, an entry here will link to it. The swarb.co.uk site includes many later cases.
Capital Gains Tax - From: 1997 To: 1997
This page lists 8 cases, and was prepared on 20 May 2019.
Goodbrand (Inspector of Taxes) v Loffland Brothers North Sea Inc Times, 24 January 1997
24 Jan 1997
ChD
Capital Gains Tax
Exchange rate changes were irrelevant to a tax calculation though in foreign currency.
Capital Gains Tax Act 1979 40(2)
Plumbly and Others v Spencer (Inspector of Taxes) Gazette, 05 March 1997; Times, 04 March 1997
4 Mar 1997
ChD
Capital Gains Tax
Retirement relief is restricted to assets actually used within a family business.
Finance Act 1985 69(2)(b) 70(7)
1 Cites
1 Citers
Garner (Inspector of Taxes) v Pounds Shipowners and Shipbreakers Ltd; Etc Gazette, 19 March 1997; Times, 06 March 1997
6 Mar 1997
ChD
Capital Gains Tax
The cost of the purchase of a release of covenant is deductible from the capital gain realised on the later sale.
Capital Gains Tax Act 1979 32
Taylor Clark International Ltd v Lewis (Inspector of Taxes); ChD 24-Mar-1997 - Times, 24 March 1997; [1997] STC 499
Jenks v Dickinson (Inspector of Taxes); ChD 16-Jun-1997 - Times, 16 June 1997; [1997] STC 853
Tesco Plc v Crimmin (Inspector of Taxes) Times, 25 June 1997
25 Jun 1997
ChD
Capital Gains Tax
The rules against intra-company depreciation transactions used to create artificial losses applied also to the indexation of gains.
Chargeable Gains Act 1992 176
Watton (Inspector of Taxes) v Tippett; CA 27-Jun-1997 - Times, 27 June 1997; [1997] STC 893
Couch (Inspector of Taxes) v Administrators of the Estate of Caton, Deceased Times, 16 July 1997; [1997] EWCA Civ 1898
16 Jul 1997
CA
Capital Gains Tax
The costs of negotiating, and valuing the market value of shares with the Inland Revenue, are not deductible as expenses.
Capital Gains Tax Act 1979 32(2)(b)
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