FTTTx CAPITAL GAINS TAX – ALLOWABLE LOSS – Tax scheme involving options – the Options entered into were interlinked – no separate commercial existence – part of an indivisible process – planned as a single continuous operation – disputed loss construed against the whole transaction involving the four Options – no allowable loss – Appeal dismissed on substantive dispute
CAPITAL GAINS TAX – OPTIONS OVER GILTS – whether exempt under section 115 TCGA – Yes
Citations:
[2010] UKFTT 196 (TC)
Links:
Capital Gains Tax
Updated: 23 August 2022; Ref: scu.422182
