Malcolm Healey v The Commissioners for HM Revenue and Customs: [2015] UKUT 0140 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Henderson and Judge Bishopp on 25 March 2015.

Read the full decision in Malcolm Healey v The Commissioners for HM Revenue and Customs: [2015] UKUT 0140 (TCC).

INCOME TAX — floating rate notes stripped of intermediate interest coupons — whether difference between purchase price when coupons stripped and sale price when remaining coupons to redemption re-attached a capital or income gain — income — whether a “discount” within Schedule D Case III — yes — appeal dismissed.

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