[2008] EWHC 99 (Ch).

Chancery Division.

[The appeal against this decision is reported at [2008] BTC 772.]

Briggs J.

Judgment delivered 30 January 2008.

Capital gains tax – Qualifying corporate bonds (QCBs) – Shares exchanged for loan notes with foreign currency redemption option – Foreign exchange option lapsing – Whether lapse constituted conversion or transaction – Loan note later redeemed – Whether loan notes QCBs on exchange – Whether loan notes QCBs on redemption – Taxation of Chargeable Gains Act 1992, s. 116, 117, 132, 135.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.