Revenue and Customs v Warshaw: UTTC 23 Dec 2020

CAPITAL GAINS TAX – entrepreneurs’ relief – ‘personal company’ – whether a 10% cumulative preferential dividend which is compounded for unpaid dividends is a dividend ‘at a fixed rate’ – no, therefore shares carrying such rights are ordinary share capital – appeal dismissed

Citations:

[2020] UKUT 366 (TCC)

Links:

Bailii

Jurisdiction:

England and Wales

Capital Gains Tax

Updated: 10 June 2022; Ref: scu.657045