The Law Reports (Chancery Division)
[1977] Ch 348
[CHANCERY DIVISION]
O'BRIEN (INSPECTOR OF TAXES) v. BENSON'S HOSIERY (HOLDINGS) LTD.
1977 Feb. 14,
15;
March 17
March 17
Fox J.
Revenue
— Capital gains tax
— Disposal of assets
— Service contract
— Payment to employer by employee to secure release from service contract
— Whether employer's rights under service contract “assets”
— Whether capital sum giving rise to chargeable gain received by employer on disposal of assets
—
Finance Act 1965 (c. 25), s. 22 (1) (3)