Pete Miller Powrie Appleby LLP writes about some more recent tax cases that have taken his interest. The article looks at three cases that introduce some interesting questions of procedure
David Adams TC00048
Mr Adams got himself into bother over the form of his election under TCGA 1992 s 138A. Section 138A provides that where there is an earn-out right in a transaction and the earn-out right consists of a right to receive further shares or securities in the purchaser the right itself will be treated as a security such that the gain on that element of the consideration will also be rolled over until the earn-out shares or securities have themselves been disposed...
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Pete Miller Powrie Appleby LLP writes about some more recent tax cases that have taken his interest. The article looks at three cases that introduce some interesting questions of procedure
David Adams TC00048
Mr Adams got himself into bother over the form of his election under TCGA 1992 s 138A. Section 138A provides that where there is an earn-out right in a transaction and the earn-out right consists of a right to receive further shares or securities in the purchaser the right itself will be treated as a security such that the gain on that element of the consideration will also be rolled over until the earn-out shares or securities have themselves been disposed...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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