JASPER ALEXANDER THIRLBY CONRAN (1)JC VISION LTD (2) v Revenue & Customs (INCOME TAX AND CORPORATION TAX - disposal of a business to a group company) [2022] UKFTT 39 (TC)
Notes: INCOME TAX AND CORPORATION TAX - disposal of a business to a group company - ascertaining market value - intangibles relief - whether payment was a distribution - substitution of market value under Schedule 29 FA 2002 - held - valuation of assets actually transferred was £1 - no chargeable gain realised on disposal - no distribution - market value required to be substituted for purposes of intangibles relief - appeal of first appellant allowed - appeal of second appellant dismissed
Cited in 1 later judgment