[2009] UKFTT 80 (TC)

Theodore Wallace (Chairman); Adrian Shipwright

Decision released 30 April 2009

Capital gains tax – disposal of shares – majority shareholder in unquoted company – consideration included earn-out rights – whether valid election under TCGA 1992 s. 138A – return with computation on basis that election although no election in terms – no other possible explanation for computation – held valid election – appeal allowed neglect – no negligent conduct by agent in return – in any event TMA s. 36(3) would have covered late election at appeal

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.