The Revenue appealed dismissal of its claim for assessment to tax of distributions received from taxpayers units in an enterprise zone property.
Held: The appeal failed. Legislation had since prevented 100% capital allowance claims.
Warren J
[2006] EWHC 1653 (Ch), Times 23-Aug-2006
Bailii
Taxation of Chargeable Gains Act 1992 41(2)
England and Wales
Citing:
Appeal From – Smallwood v Revenue and Customs SCIT 3-Nov-2005
SCIT CAPITAL GAINS TAX – Allowable losses – Disposal of units in enterprise zone property unit trust – Capital allowances made to Appellant – Whether Appellant’s allowable expenditure to be restricted by capital . .
Cited by:
Appeal from – HM Revenue and Customs v Smallwood CA 17-May-2007
The taxpayer had put money into a enterprise zone property unit trust. That money had gone into refurbishment. Several years later the property was sold with a substantial profit, and the trust managers arranged the distributions so that no . .
Lists of cited by and citing cases may be incomplete.
Updated: 28 July 2021; Ref: scu.243155
