Chancery Division.

[The appeal against this decision is reported at [1999] BTC 246.]

Lightman J.

Judgment delivered 5 February 1997.

Capital gains tax – Retirement relief – Disposal of assets of business – Sale of land by taxpayer having reached the age of 60 – Land leased by taxpayer to farming company until disposal – Whether retirement relief available – Finance Act 1985, s. 69(2)(b) (Taxation of Chargeable Gains Act 1992, s. 163(2)(b)).

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