Atkinson (H.M. Inspector of Taxes) v Dancer; Mannion (H.M. Inspector of Taxes) v Johnst 1988 BTC 364
Judgment delivered 8 July 1988.
Capital gains tax – Relief for transfer of business on retirement – Sale of land by farmers – Whether sale of land was disposal of ‘part of a business’ – Capital Gains Tax Act 1979, sec. 124(1).
This was an appeal by the Crown from two decisions of different General Commissioners. each case the Commissioners had allowed the taxpayer’s appeal against the inspector’s refusal of the relief provided by the Capital Gains Tax Act 1979, sec. 124 for the transfer of a business on retirement.