Rialas v Revenue and Customs (Income Tax – Transfer of Assets Abroad): FTTTx 7 Aug 2019

INCOME TAX – transfer of assets abroad – whether taxpayer was transferor – held not – whether taxpayer could claim motive defence – held not – whether TOAA legislation infringed the free movement of capital – held yes – whether infringement justified and proportionate – held yes – appeal allowed

Citations:

[2019] UKFTT 520 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 03 November 2022; Ref: scu.641351