000			01307cab a2200253 4500
001			ABS58810
008			090401t1998 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u86700
041			_aeng
245			_aBarrett (HMIT) v Powell
260			_c1998
350			_a0
490			_aEstates Gazette _v[1998] 22 EG 155-157(3)
520			_aChD 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.
650			_aAGRICULTURAL HOLDINGS
650			_aBARRETT (HMIT) V POWELL
650			_aCAPITAL GAINS TAX
650			_aCHARGEABLE GAIN
650			_aFINANCE ACT 1985 S69(2)
650			_aRETIREMENT RELIEF
690			_aTAXATION-CASE LAW
942			_n0
948			_c09/06/1998
999			_c54593 _d54593