000			01154cab a2200229 4500
001			ABS49080
008			090401t1993 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u69836
041			_aeng
245			_aPepper (Inspector of Taxes) v Daffurn
260			_c1993
350			_a0
490			_aSimon`s Tax Cases _v(1993) STC 466-472(4)
520			_aChD 17 June 1993. As preparation for the sale of a covered yard, D, a farmer, ran down his herd of cattle and concentrated on grazing rather than rearing. Once planning permission had been granted, the yard was sold for development and D (aged 60) claimed retirement relief from capital gains tax. This was refused by P, but upheld by the General Commissioners on the grounds that, in accordance with Finance Act 1985 s69(2)(a), the nature of D`s business activities had been fundamentally changed by the sale. P appealed, and won, as the change in farming practice predated the sale.
650			_aCAPITAL GAINS TAX
650			_aFARMING BUSINESS
650			_aFINANCE ACT 1985 S69(2)(A)
650			_aRETIREMENT RELIEF
690			_aTAXATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c43906 _d43906