Jerome v Kelly (HMIT)
Series: Weekly Law Reports ; [2004] 1 WLR 1409-1424(16)Publication details: 2004Subject(s): Summary: [2004] UKHL 25, 13 May 2004. Concerned with the correct assessment of Capital Gains Tax (CGT) liability on the disposal of land. The appellant (J) appealed against CA decision ([2002] EWCA Civ 1879, Abs66484) which overturned the HC decision ([2002] EWHC 604 (Ch), [2002] STC 609) in favour of assessment by the Inland Revenue Commissioners based on an assessment under the Capital Gains Tax Act 1979 s27(1). "Held": that s27(1) of the 1979 Act was concerned solely with fixing the time of the disposal of the assets and did not identify the person making that disposal. CA decision overturned. HC decision restored. Appeal allowed. View judgment at www.parliament.the-stationery-office.co.uk| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS67879 (Browse shelf(Opens below)) | 1 | Available | 126349-1001 |
[2004] UKHL 25, 13 May 2004. Concerned with the correct assessment of Capital Gains Tax (CGT) liability on the disposal of land. The appellant (J) appealed against CA decision ([2002] EWCA Civ 1879, Abs66484) which overturned the HC decision ([2002] EWHC 604 (Ch), [2002] STC 609) in favour of assessment by the Inland Revenue Commissioners based on an assessment under the Capital Gains Tax Act 1979 s27(1). "Held": that s27(1) of the 1979 Act was concerned solely with fixing the time of the disposal of the assets and did not identify the person making that disposal. CA decision overturned. HC decision restored. Appeal allowed. View judgment at www.parliament.the-stationery-office.co.uk