Court of Appeal.

[The appeal against this decision is reported at [1984] BTC 49.]

Judgment delivered 25 March 1983.

Income tax – Development gains – Disposal of interest in land – Arrangement to dispose of interest in land – Whether ‘arrangement’ for disposal of interest in land before 18 December 1973 – Whether arrangement evidenced by an adequate written note – What constitutes an adequate note – Finance Act 1974, sec. 38; Sch. 4, para. 4.

  This was an appeal by the taxpayers against a decision of Vinelott J. that they were liable to both income tax and capital gains tax on land sold.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.