Explainaway Limited, Quartfed Limited and Parastream Limited v The Commissioners for HM Revenue and Customs: [2012] UKUT 362 (TCC)

Upper Tribunal Tax & Chancery decision of Mr Justice Newey and Judge Sinfield on 19 October 2012.

From:
HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
Published
1 December 2016
Category:
Tax
Release date:
19 October 2012

Read the full decision in (1) Explainaway Limited (2) Quartfed Limited (3) Parastream Limited v The Commissioners for HM Revenue and Customs: [2012] UKUT 362 (TCC).

CORPORATION TAX – scheme to avoid tax on chargeable gains – whether derivative transactions gave rise to chargeable gains and losses – whether loss arising on disposal of shares in group company was an allowable loss – ICTA, s 128, and TCGA, ss 2 and 143 – application of Ramsay principle.

Updates to this page

Published 1 December 2016