SME Tax News

In Hargreaves v HMRC [2019] TC07090 HMRC's long delay in raising an assessment on an £84m capital gain meant that there was no 'discovery' and it was invalid.


This time we are looking at shares, from share purchases to reorganisations.

In Bostan Khan v HMRC [2018] TC0752 an individual who personally bought out controlling shareholders found that the subsequent purchase by his new company of his shares did not qualify for CGT treatment. His subsequent attempt to claim that the transaction was a trade failed too.

In Vermilion Holdings Limited v HMRC [2019] TC07077 the FTT found that share options granted to a director were not employment related securities; they were not issued by reason of his employment.

We are happy to promote some exciting job vacacancies in tax for the amazing tax charities: TaxAid and Tax Help for Older People. 

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.