Taxation
Series: Estates Gazette Case Summaries ; [2000] EGCS 62Publication details: 2000Subject(s): Summary: "Garner (HMIT) v Pounds Shipowners & Shipbreakers Ltd; Garner (HMIT) v Pounds" HL 22 May 2000. Taxpayer granting option to buy land- Payment dependent upon taxpayer obtaining release from covenants. Release obtained for consideration of £90,000. Taxpayer receiving £399.750 - Whether £90,000 deductible for purposes of calculating chargeable gain. commissioners holding £90,000 deductible. High Court dismissing Revenue's appeal - Revenue's appeal allowed. Taxpayer appeal dismissed. (Taken from headnote)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | X106687 (Browse shelf(Opens below)) | 1 | Available | 106687-1001 |
"Garner (HMIT) v Pounds Shipowners & Shipbreakers Ltd; Garner (HMIT) v Pounds" HL 22 May 2000. Taxpayer granting option to buy land- Payment dependent upon taxpayer obtaining release from covenants. Release obtained for consideration of £90,000. Taxpayer receiving £399.750 - Whether £90,000 deductible for purposes of calculating chargeable gain. commissioners holding £90,000 deductible. High Court dismissing Revenue's appeal - Revenue's appeal allowed. Taxpayer appeal dismissed. (Taken from headnote)