Marks v HM Inspector of Taxes: SCIT 8 Sep 2004

SCIT Income tax – loss relief – TA 1988 s 574 – whether allowable loss for capital gains tax purposes
Capital gains tax – whether shares becoming of negligible value – whether claim made – form of claim – whether date specified
Capital gains tax – whether share issue a bargain other than at arm’s length – whether a reorganisation
Jurisdiction – estoppel – whether available against Crown – conditions for claim based on ‘legitimate expectation’ – method of seeking remedies

Citations:

[2004] UKUKSPC SPC00428, [2004] STI 2259, [2004] STC (SCD) 503

Links:

Bailii

Income Tax, Capital Gains Tax

Updated: 21 June 2022; Ref: scu.213734