Explainaway Ltd & Ors v Revenue and Customs Commissioners.  BTC 1,736
 UKUT 362 (TCC).
Upper Tribunal (Tax and Chancery Chamber).
Newey J, Judge Greg Sinfield.
Decision released 19 October 2012.
Corporation tax – Scheme to avoid tax on chargeable gains – Whether derivative transactions gave rise to chargeable gains and losses – Whether loss arising on disposal of shares in group company allowable loss – Application of Ramsay principle – Income and Corporation Taxes Act 1988, s. 128 – Taxation of Chargeable Gains Act 1992, s. 2, 143.