Gains tax payable on farm land
Language: English Series: Times ; 22/7/88 p31Publication details: 1988Subject(s): Summary: In Atkinson (Inspector of Taxes) v Dancer & Mannion (Inspector of Taxes) v Johnston , QBD 8 July 1988, it was held that retirement relief from capital gains tax was not available to two farmers on the sale of areas of land used in their farming businesses, because for the purposes of the Capital Gains Tax Act 1979 s124 in neither case had the sale of the land caused such an interference with their farming activity as to amount to a disposal "of the whole or part of a business".| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2429-39 (Browse shelf(Opens below)) | 1 | Available | 68111-1001 |
In Atkinson (Inspector of Taxes) v Dancer & Mannion (Inspector of Taxes) v Johnston , QBD 8 July 1988, it was held that retirement relief from capital gains tax was not available to two farmers on the sale of areas of land used in their farming businesses, because for the purposes of the Capital Gains Tax Act 1979 s124 in neither case had the sale of the land caused such an interference with their farming activity as to amount to a disposal "of the whole or part of a business".