The Resource Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?

Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?

Label
Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?
Title
Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?
Creator
Subject
Language
eng
Summary
This case concerned Section 49 of the Taxation of Chargeable Gains Act 1992 (TCGA), a provision which has hitherto been subject to very little judicial consideration. Section 49 TCGA provides that certain contigent liabilities of the person making the disposal should not be taken into account in determining the gain in the first instance but, should they subsequently arise, an adjustment of the original gain will retrospectively take place. The main issue in this case was that the liability (which remained disputed) of the person making the disposal was incurred in his capacity as director and chairman of the company, rather than in his capacity as shareholder disposing of his shares. This case note discusses the case, the facts, the relevant law, and the decision
Citation source
In: British tax review. - London. - (2015),
http://library.link/vocab/creatorName
Eden, S. (Sandra)
Geographic coverage
  • Europe
  • European Union
Language note
English
http://library.link/vocab/subjectName
  • case law
  • capital gains tax
  • disposal
  • director
Label
Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?
Instantiates
Publication
Label
Morrison v HMRC : contigent liabilities for capital gains tax - does the hat matter?
Publication

Library Locations

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      52.37366609999999 4.9336932
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