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Share for share treatment available despite tax avoidance purpose (Euromoney Institutional Investor plc v HMRC)

Share for share treatment available despite tax avoidance purpose (Euromoney Institutional Investor plc v HMRC)
Published on: 19 April 2021
Published by: LexisPSL
  • Share for share treatment available despite tax avoidance purpose (Euromoney Institutional Investor plc v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Euromoney Institutional Investor plc v HMRC the First-tier Tax Tribunal (FTT) held that the share for share exchange provisions of section 135 of the Taxation of Chargeable Gains Act 1992 (TCGA 1992) applied to the transaction in question even though one of the taxpayer’s purposes was the avoidance of a tax liability. or take a trial to read the full analysis.

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