Legal News

CGT relief for enhancement expenditure

Published on: 10 September 2015
Published by a LexisNexis Tax expert

Table of contents

  • Original news
  • What was this case about?
  • What did the UT decide, and why did they disagree with the FTT?
  • Do you think the outcome was unfairly harsh for the taxpayer?
  • Is it generally difficult to obtain CGT relief for enhancement expenditure, or were the taxpayer’s problems in this case the result of an unusual fact pattern?
  • Was it surprising that the UT was willing to accept that a Ramsay approach could, in principle, be applied in the taxpayer’s favour?
  • What lessons can we learn from the case, and are these limited to share disposals?

Article summary

Tax analysis: Cathryn Vanderspar, head of tax, and Dean Andrews, associate, at Eversheds London, consider the issues raised in the recent case of Blackwell v Revenue and Customs Commissioners.

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