CAPITAL GAINS TAX – exchange of shares for loan stock – TCGA 1993 s 137 – whether the exchange was effected for bona fide commercial reasons – yes -whether one of the main purposes of the scheme or arrangements including the exchange was avoidance of capital gains tax – yes – appeal dismissed
[2006] UKSPC SPC00532
Bailii
England and Wales
Capital Gains Tax
Updated: 28 November 2021; Ref: scu.241239