The commissioners appealed against a decision granting the respondents tax relief under the Enterprise Investment Scheme.
Held: The Revenue’s appeal succeeded. Shares could only qualify for a relief by way of a deferral of CGT under the Enterprise Investment Scheme where they had been issued only after an appropriate company resolution.
Lord Neuberger of Abbotsbury
[2008] EWCA Civ 1454, Times 02-Jan-2009
Bailii
Taxation of Chargeable Gains Act 1992 5B
England and Wales
Capital Gains Tax
Updated: 31 October 2021; Ref: scu.278950