Shing Cheung Mak v Revenue and Customs: FTTTx 30 Jul 2013

FTTTx Capital gains tax – taper relief – gain arising on disposal of residential property used as accommodation for workers in restaurant – whether business asset taper relief available – paragraph 5(1A) of Schedule A1, Taxation of Chargeable Gains Act 1992 – whether property used wholly or partly for the purposes of the restaurant trade – yes – business asset taper relief available – appeal allowed

[2013] UKFTT 417 (TC)
England and Wales

Capital Gains Tax

Updated: 20 November 2021; Ref: scu.515192