Ridpath v Revenue and Customs: FTTTx 15 Jul 2013

FTTTx Capital gains tax – disposal of two properties – agent’s figures did not provide a deduction for property improvements – no details forthcoming – bank account shows numerous withdrawals for the period prior to sales – Appellant cannot provide details of what expenditure incurred – impossible to conclude how much expenditure incurred – appeal dismissed

[2013] UKFTT 389 (TC)
Bailii
England and Wales

Capital Gains Tax

Updated: 18 November 2021; Ref: scu.514183