Sabaratnam Deveraj (TC03834)
HMRC are consulting on legislation to replace the long-standing extra-statutory concession (ESC) D33.
The concession covers a number of circumstances in which a capital sum is received as compensation or damages for a right of action that is capital in the hands of the recipient and subject to capital gains tax under TCGA 1992, s 22.
It does not apply where a capital sum has been derived from any other type of asset including statutory rights or contractual rights.
Is a fraudulent sale of assets, later reinstated, a capital gains tax disposal?
The importance and usefulness of employee-ownership trusts
A restriction to the associated disposals rules for entrepreneurs’ relief?
Capital gains tax on a property occupied by widowed mother-in-law
The tax consequences of a gift of a main residence annexe to the owners’ children
Preserving capital allowances entitlement on a property transfer
An entrepreneurs’ relief dispute that may have income tax ramifications
The tax treatment and possible advantages of foreign exchange transactions
The First-tier Tribunal’s decision in Wildin and the importance of listening to expert witnesses
Dr S Iles and Dr D Kaltsas (TC3565)
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