HIGH COURT OF JUSTICE (CHANCERY DIVISION)–

14 JULY 1980

Capital gains tax– Sale of business of a shop comprising lease (acquired February 1965) and goodwill (created 6 April 1965)– Election for 6 April 1965 valuation – Whether one asset or two separate assets – If the latter, whether ‘no gain no loss’ provision applied to election in relation to lease– Whether election in relation to goodwill was permissible – Finance Act 1965 (c 25), Sch 6, paras 24(2) and 25(1) and (2).

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.