Chancery Division.

Judgment delivered 25 March 1983.

Capital gains tax – Option to purchase land – Option not exercised – Proper basis for charging to tax of grant of option – Whether disposal of option a part disposal of land – Finance Act 1965, sec. 22(1)(2), Sch. 7, para. 14 – See now Capital Gains Tax Act 1979, sec. 19(1)(2), and 137.

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