Chancery Division.

Jonathan Parker J.

Judgment delivered 17 June 1993.

Capital gains tax – Retirement relief – Farmer aged over 60 sold part of farm land and ceased rearing calves only fattening older beasts – Two years later farm building used previously for rearing calves sold for development – Whether sale of building disposal of part of business – Finance Act 1985, sec. 69(2)(b) (sec. 69 was replaced by Taxation of Chargeable Gains Act 1992, sec. 163).

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