If you found BAILII useful today, could you please make a contribution?
Your donation will help us maintain and extend our databases of legal information. No contribution is too small. If every visitor this month donates, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
United Kingdom Upper Tribunal (Tax and Chancery Chamber)
Bristol & West Plc v Revenue And Customs [2014] UKUT 73 (TCC) (14 February 2014)
Taxation of profits made on sale or transfer of derivatives under Finance
Act 2002. Whether transfer disregarded between subsidiaries where one of
the companies is not subject to the regime under the 2002 Act. Closure
Notice – whether effective when sent by mistake known to the tax payer
company.
Held: The transfer was not to be disregarded for the purposes of the 2002
Act but the Closure Notice was effective and prevented HMRC from seeking
to claim tax in that tax year arising out of the transfer between the two
companies. Appeal allowed.
A HTML version of this file is not available click here or view below the pdf version : 73.pdf
