Hearings
England & Wales
24 Nov 1977 [1979] Ch 1; [1978] 2 WLR 832; [1978] 1 All ER 791; 52 TC 53, Ch D
Hart v Briscoe
Subject Matter
REVENUE — Capital Gains Tax — Settled property — Trustees' exercise of power of advancement to advance settled property into new ad hoc settlement — Whether trustees of ad hoc settlement becoming “absolutely entitled” as against trustees of original settlement — Whether “deemed disposal” of settled property on exercise of power of advancement giving rise to chargeable gain — Finance Act 1965, s 25 (3)