The taxpayer appealed a refusal of full taper relief on the sale of a share for one million pounds, declining to allow any relief for the period prior to April 5 1998.
Held: There was no basis in the statute for seeking any other interpretation than that indexation allowances were only allowed for gains after that date. The appeal failed.
Judges:
Lawrence Collins J
Citations:
Times 13-Oct-2005, [2005] EWHC 2130 (Ch)
Links:
Statutes:
Taxation of Chargeable Gains Act 1992 2A
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 15 July 2022; Ref: scu.231097