FTTTx CGT -artificial scheme to create allowable loss – non commercial exercise of options – ss17 and 144 TCGA; s144ZA – whether disapplied by s 144ZB – whether a ‘securities option’ within Ch 5 Pt 7 ITEPA.
S 149AA TCGA- whether deed poll an arrangement for conversion of shares- whether employment related securities.
Ch 5 Pt 7 ITEPA: whether option acquired by reason of employment of another person; whether retrospective addition to s 420(8) has effect.
Income Tax – s 574 TA 88 – CGT loss available against income -whether qualifying trading company- whether sale of shares bargain at arm’s length.
[2013] UKFTT 297 (TC)
Bailii
Capital Gains Tax, Income Tax
Updated: 17 November 2021; Ref: scu.513429