Legal News

More reasons for a tax dispute—capital gains treatment of payment to settle a claim

Published on: 25 October 2013
Published by a LexisNexis Tax expert

Table of contents

  • Original news
  • What were the facts in this case?
  • What was the dispute about?
  • What did the tribunal decide?
  • Was there anything in the case that particularly tipped the balance away from the taxpayer?
  • Does this affect the capital gains analysis of warranties on share sales?

Article summary

Tax analysis: The Upper Tribunal (UT) has decided that a taxpayer could not reduce his capital gains tax (CGT)bill on a share sale to reflect a payment to settle a later dispute with the buyer.

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