Chancery Division.

Judgment delivered 14 April 1983.

Capital gains tax – Expropriated property – Compensation paid by Foreign Compensation Commission – Whether compensation derived from nationalised land – Whether statutory right to compensation amounted to an asset – Whether asset disposed of when compensation received – Finance Act 1965, sec. 22(1), (3) (see Capital Gains Tax Act 1979, sec. 19(1), sec. 20(1)Finance Act 1965, sec. 22(4) repealed, now Capital Gains Tax Act 1979, sec. 29).

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.