Barrett (HMIT) v Powell
Language: English Series: Estates Gazette ; [1998] 22 EG 155-157(3)Publication details: 1998Subject(s): Summary: ChD 3 February 1998. P occupied and farmed a large holding, which he part owned, part held licence, and part tenanted. P surrendered the tenanted land upon a service of notice to quit, but continued to hold the land under licence, receiving £120,000. This licence expired on 29 September 1991, with the rest of the farming operations ceasing on 5 April 1993, and the business closing on 5 April 1993. P was assessed for capital gains tax in respect of the chargeable gain on the £120,000. His appeal to the General Commissioners was allowed on the basis that the business continued after the surrender was different to that previous. Appeal by the inspector of taxes allowed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS58810 (Browse shelf(Opens below)) | 1 | Available | 86700-1001 |
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ChD 3 February 1998. P occupied and farmed a large holding, which he part owned, part held licence, and part tenanted. P surrendered the tenanted land upon a service of notice to quit, but continued to hold the land under licence, receiving £120,000. This licence expired on 29 September 1991, with the rest of the farming operations ceasing on 5 April 1993, and the business closing on 5 April 1993. P was assessed for capital gains tax in respect of the chargeable gain on the £120,000. His appeal to the General Commissioners was allowed on the basis that the business continued after the surrender was different to that previous. Appeal by the inspector of taxes allowed.