Retirement relief is restricted to assets actually used within a family business.
Citations:
Gazette 05-Mar-1997, Times 04-Mar-1997
Statutes:
Finance Act 1985 69(2)(b) 70(7)
Jurisdiction:
England and Wales
Citing:
Appeal from – Plumbly and others (Representatives of the Estate of S C Harbour Deceased) and Spencer (HM Inspector of Taxes) CA 17-Jun-1999
Retirement tax relief could be claimed by an individual on land owned through a limited company. There was no explicit requirement for direct ownership at the time of cessation. Here farmed land was sold by a limited company at the time of the . .
Cited by:
Appeal from – Plumbly and others (Representatives of the Estate of S C Harbour Deceased) and Spencer (HM Inspector of Taxes) CA 17-Jun-1999
Retirement tax relief could be claimed by an individual on land owned through a limited company. There was no explicit requirement for direct ownership at the time of cessation. Here farmed land was sold by a limited company at the time of the . .
Lists of cited by and citing cases may be incomplete.
Capital Gains Tax
Updated: 14 April 2022; Ref: scu.84776
