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.
Read the full decision in .
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.
Published 1 December 2016