Tax on compensation
Tax on compensation
- 1988
- EGCS (1988) 168 .
In Pennine Raceway Ltd v Kirklees Metropolitan Borough Council CA 2 December 1988 it was held that compensation for loss of profits caused by the revocation of planning permission for the temporary use an airfield for drag racing , was subject to capital gains tax .
TAX
In Pennine Raceway Ltd v Kirklees Metropolitan Borough Council CA 2 December 1988 it was held that compensation for loss of profits caused by the revocation of planning permission for the temporary use an airfield for drag racing , was subject to capital gains tax .
TAX