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Other cases that caught our eye: 14 January 2021

Taper relief

R Lee and another v HMRC [2020] UKUT 363 (TCC) (21 December 2020) is a case about the way taper relief was calculated when an asset changes its status from a non-business asset to a business asset. Taper relief is now only of historic interest. The disposal in question occurred in March 2003 and it has taken the best part of 20 years to get to this point with the possibility of further appeals not being ruled out. Part of the explanation is that the disposal was linked to an avoidance scheme which itself needed to be litigated but even so the elapse of time here seems astonishing.

Read the decision.

Withdrawal of SDLT appeal

In Albert House Property Finance PCC Ltd (in liquidation) and another v HMRC [2020] UKFTT 274 (TC) (4 January 2021) the FTT in agreement with HMRC refused...

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