Capital Gains Tax on sale of shares
There was a very interesting tax case (T M Collins and the Commissioner of HMRC) recently. Very briefly, two individuals sold their shares; one for cash and one partly for cash and partly for a contribution to his pension fund. HMRC argued that the contribution was taxable as part of the consideration – and lost.
This opens up some interesting possibilities going forward.
Date: 15th February, 2008
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