In order to claim relief against Capital Gains tax on the disposal of business assets on retirement, the assets could be disposed of separately, but some connection must be shown to establish that they formed part of the same transaction overall. A businessman disposed of different parts of his business to different people, but in reality there was no effective same transaction. The business had been structured to allow disposals of different parts of it, and the fact that they were almost at the same time was mere co-incidence.
Gazette 30-Nov-2000, Times 23-Nov-2000
Taxation of Chargeable Gains Act 1992 69
England and Wales
Updated: 01 October 2021; Ref: scu.85084
