Hitch and Stone (HM Inspector of Taxes)
Hitch and Stone (HM Inspector of Taxes)
- 2002
- Tax Cases [2002] TC 600-666(67) .
CA 26 January 2001. Capital gains tax. Disposal of interest in land. Avoidance scheme. Sham. Sales of interests in land by complex scheme involving scheme deviser's companies. Documents in obscure and implete termsm some of which were never carried out. Company agreeing to sell interest it had not yet acquired. Whether shams. Whether true arrangment was that scheme deviser and his companies held proceeds of sale on bare trust for taxpayers. [Taken from journal abstract].
HITCH V STONE (INSPECTOR OF TAXES)
CAPITAL GAIN TAX
AVOIDANCE SCHEMES
SHAM
CA 26 January 2001. Capital gains tax. Disposal of interest in land. Avoidance scheme. Sham. Sales of interests in land by complex scheme involving scheme deviser's companies. Documents in obscure and implete termsm some of which were never carried out. Company agreeing to sell interest it had not yet acquired. Whether shams. Whether true arrangment was that scheme deviser and his companies held proceeds of sale on bare trust for taxpayers. [Taken from journal abstract].
HITCH V STONE (INSPECTOR OF TAXES)
CAPITAL GAIN TAX
AVOIDANCE SCHEMES
SHAM