Ritchie and another v Revenue and Customs Commissioners

Capital gains tax – Assessment. The First-tier Tribunal (Tax Chamber) reduced the appellant taxpayers' assessments of liability to capital gains tax on the sale of their land. The first assessments were reduced to nil, as the round sum nature of the amount assessed suggested that it had been a figure plucked from the air and the second assessments could not stand in the light of the court's conclusions.

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