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Guarantee rights in a company are not shares (Tenconi v HMRC)

Guarantee rights in a company are not shares (Tenconi v HMRC)
Published on: 25 May 2021
Published by: LexisPSL
  • Guarantee rights in a company are not shares (Tenconi v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Tenconi v HMRC, the First-tier Tax Tribunal (FTT) held that the taxpayer was chargeable to capital gains tax on a disposal of the beneficial interest in guarantee rights in a company and that the gain did not qualify for entrepreneurs’ relief (now known as business asset disposal relief). or take a trial to read the full analysis.

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