Upper Tribunal Tax and Chancery decision of Mr Justice Nugee and Judge Nowlan on 17 April 2015.
Read the full decision in (1) Steven Price (2) John Myers (3) James Lucas v The Commissioners for HM Revenue and Customs:  UKUT 0164 (TCC) .
CGT – artificial scheme to create allowable loss – whether consideration
given wholly or exclusively for the acquisition of asset – s. 38(1)(a) TCGA
Appeals – alternative arguments by Respondents – whether requiring
permission to appeal.
Release date: 17 April 2015
Ministry of Justice
HM Courts & Tribunals Service
Upper Tribunal (Tax and Chancery Chamber)
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