The fact that a retiring company owner also worked in a non-qualifying capacity part-time for somebody else did not make his work for the company less than full time. He was not to be denied retirement tax relief. To hold to the contrary would be to restrict industriousness and was inappropriate.
Citations:
Gazette 08-Sep-1999, Times 22-Aug-1999, [1999] EWCA Civ 1961
Links:
Statutes:
Taxation of Chargeable Gains Act 1992 163
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 31 May 2022; Ref: scu.146876
