CAPITAL GAINS TAX – calculation of gain upon disposal of shares in company – costs of disposal – Section 38(1)(b) TCGA 1992 – Appellant repaid company debt prior to share sale – whether this constitutes expenditure on the shares that is reflected in their state or nature at disposal – Aberdeen Construction and Blackwell applied – held ‘no’ – appeal dismissed
Citations:
[2022] UKFTT 171 (TC)
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 11 July 2022; Ref: scu.678624