NON-CASH CONSIDERATION FORMS PART OF DISPOSAL PROCEEDS

摘要

In Cooling v Revenue & Customs (Capital gains tax/taxation of chargeable gains: computation) [2015] UKFTT 223 (TC), Mr Cooling appealed against a decision by HMRC that the consideration for a disposal of chargeable assets reported on his 2009-10 self-assessment return should be increased by £297,639. Cooling sold 99.9% of the issued share capital in Shirebrook Care Ltd (the target) to Care Aspirations Development Ltd (the buyer).