Chancery Division.

Sir Richard Scott V-C.

Judgment delivered 19 April 1996.

Capital gains tax – Retirement relief – Disposal of business assets – Museum closed to public within one year of disposal of premises with intention to reopen at other premises – Intention not fulfilled and business never in fact resumed – Whether museum business ceased to be carried on by disposal date – Whether retirement relief available – Finance Act 1985, s. 69(2)(b), Sch. 20, para. 1(2) (Taxation of Chargeable Gains Act 1992, s. 163(2)(b), Sch. 6, para. 1(2)).

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