Goodwin v Curtis (Inspector of Taxes)
Language: English Series: Simon`s Tax Cases ; [1996} STC 1146-1162(18)Publication details: [1996} STC 1146-1162(18)Subject(s): Summary: ChD 23 July 1996. G formed a company and arranged short-term finance to purchase property which included a farmhouse. When the company exchanged contracts, it it entered into a contract by way of sub-sale of the farmhouse to G for £70,000, who then took up residence. The farmhouse was sold a few months later for £177,000 and G purchased a cottage, which he then sold and a house which he also sold. G was assessed for capital gains taxon the farmhouse sale and the General Commissioners held that the gain accruing on disposal of the farmhouse was not exempt. G appealed. "Held" G`s residence in the farmhouse was intended to be brief. Appeal dismissed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS55903 (Browse shelf(Opens below)) | 1 | Available | 19644-1001 |
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ChD 23 July 1996. G formed a company and arranged short-term finance to purchase property which included a farmhouse. When the company exchanged contracts, it it entered into a contract by way of sub-sale of the farmhouse to G for £70,000, who then took up residence. The farmhouse was sold a few months later for £177,000 and G purchased a cottage, which he then sold and a house which he also sold. G was assessed for capital gains taxon the farmhouse sale and the General Commissioners held that the gain accruing on disposal of the farmhouse was not exempt. G appealed. "Held" G`s residence in the farmhouse was intended to be brief. Appeal dismissed.