Revenue and Customs v Alan Blackburn Sports Ltd and Another: CA 18 Dec 2008

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