000 01096cam a2200205 4500
001 ABS62810
008 000000n2000 000 0 eng u
035 _a(Sirsi) u108142
245 _aGarner (HMIT) v Pounds Shipowners & Shipbreakers Ltd and another
260 _c2000
490 _aEstates Gazette
_v[2000] 34 EG 84-87(4)
520 _aHL 18 May 2000. Appellant taxpayers had each granted options to purchase land on identical terms. Appeals considered and decided on facts concerning the first company, P. Company secured the release of two restrictive covenants by paying £90,000. Revenue assessed the company to tax on the basis that the consideration for the disposal was £399,750. P contended that the £90,000 should be set off against the disposal consideration. CA rejected these contentions. Appellants appealed. Appeals dismissed.
590 _aABS
650 _aRESTRICTIVE COVENANTS
650 _aGARNER (HMIT) V POUNDS SHIPOWNERS & SHIPBREAKERS LTD AND ANOTHER
650 _aCAPITAL GAINS TAX
650 _aOPTION PRICE
690 _aTAXATION-CASE LAW
942 _n0
999 _c64588
_d64588