Alan DoltonEditor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
HMRC v Rogers (Ch D — 12 November)
An individual (R) was given a 9% shareholding in the holding company of the group for which he worked. The shares had a market value of about £7 000 000. HMRC issued an assessment on the basis that the shares were chargeable to income tax at their market value. R appealed contending that the circumstances were similar to those in Bridges v Bearsley37 TC 289 and that the assessment should be discharged. He also applied for payment of the tax charged to be postponed under TMA 1970...
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Alan DoltonEditor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
HMRC v Rogers (Ch D — 12 November)
An individual (R) was given a 9% shareholding in the holding company of the group for which he worked. The shares had a market value of about £7 000 000. HMRC issued an assessment on the basis that the shares were chargeable to income tax at their market value. R appealed contending that the circumstances were similar to those in Bridges v Bearsley37 TC 289 and that the assessment should be discharged. He also applied for payment of the tax charged to be postponed under TMA 1970...
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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