The Weekly Law Reports
[1985] 1 WLR 1024
[CHANCERY DIVISION]
CRAVEN (INSPECTOR OF TAXES)
v.
WHITE (STEPHEN)
SAME
v.
WHITE (ARCHIBALD)
SAME
v.
WHITE (BRIAN)
1985 May 14,
15,
16,
17;
24
Peter Gibson J.
Revenue
— Capital gains tax
— Tax avoidance
— Negotiations for sale or merger of company
— Taxpayers acquiring shares in new company in exchange for their shareholdings
— Negotiations concluding in sale of company
— Whether transactions ‘single composite transaction’
— Whether “disposal” by taxpayers of shares direct to ultimate purchaser
— Whether relieving provisions for “company amalgamations” applicable to defer liability
—
Finance Act 1965 (c. 25), s. 19, Sch. 7, paras. 4(2), 6(1)
[1]