FTTTx CAPITAL GAINS TAX – negligible value claim – asset a certificate of deposit denominated in sterling in an overseas bank which accounted in US dollars – the bank went into administration and later liquidation and was the subject of a complaint by the Securities and Exchange Commission alleging fraud – whether asset was a debt denominated in sterling – held it was – whether the appellant’s claim in the liquidation in respect of the CD was a separate asset for CGT purposes – held it was not – appeal dismissed
Citations:
[2014] UKFTT 11 (TC)
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 23 June 2022; Ref: scu.519585
