Taxpayer loses CGT case
Language: English Series: Antiques Trade Gazette ; (1081) 3 April 1993, 1(1)Publication details: 1993Subject(s): Summary: In "Smith (Inspector of Taxes) v Schofield" HL 11 March 1993 the previous decision in favour of the taxpayer (WB2807-62) was overthrown. This test case provides an important ruling on the application of indexation allowances in capital goods resulting from the sale of antiques.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB2913-60 (Browse shelf(Opens below)) | 1 | Available | 41818-1001 |
In "Smith (Inspector of Taxes) v Schofield" HL 11 March 1993 the previous decision in favour of the taxpayer (WB2807-62) was overthrown. This test case provides an important ruling on the application of indexation allowances in capital goods resulting from the sale of antiques.