Mulloy v Revenue and Customs (Capital Gains Tax/Taxation of Chargeable Gains : Computation): FTTTx 13 Apr 2016

FTTTx Capital gains tax – disposal of business by sole trader – extent of costs allowable in computation of gain on disposal of goodwill – costs previously included as revenue expenses in accounts – extent of allowable deduction for expenditure allegedly incurred on provision or enhancement of goodwill disposed of – sections 38 and 39 TCGA considered – appeal dismissed, subject to allowance of pounds 500 of disposal costs omitted from HMRC’s calculations in error

[2016] UKFTT 243 (TC)
England and Wales

Capital Gains Tax

Updated: 14 January 2022; Ref: scu.562870