Sale of cattle yard
Sale of cattle yard
- 1993
- Times 24 June 1993, 36(1) .
In "Pepper (Inspector of Taxes) v Daffurn", CA 17 June 1993, it was held that retirement relief from capital gains tax was not available to a farmer on the sale of a cattle yard for which he had acquired planning permission. The sale was not a disposal as part of the taxpayers business of farming within the meaning of Finance Act 1985 s69.
CAPITAL GAINS TAX
FINANCE ACT 1985 S69
PLANNING PERMISSION
RETIREMENT RELIEF
In "Pepper (Inspector of Taxes) v Daffurn", CA 17 June 1993, it was held that retirement relief from capital gains tax was not available to a farmer on the sale of a cattle yard for which he had acquired planning permission. The sale was not a disposal as part of the taxpayers business of farming within the meaning of Finance Act 1985 s69.
CAPITAL GAINS TAX
FINANCE ACT 1985 S69
PLANNING PERMISSION
RETIREMENT RELIEF