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First-tier Tribunal (Tax)


You are here: BAILII >> Databases >> First-tier Tribunal (Tax) >> Christopher Drake v Revenue & Customs (CAPITAL GAINS TAX - agreement for grant of lease on payment of premium) [2022] UKFTT 25 (TC) (17 January 2022)
URL: http://www.bailii.org/uk/cases/UKFTT/TC/2022/TC08377.html
Cite as: [2022] UKFTT 25 (TC), [2022] SFTD 561

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Decision Number: TC 08377
Appellant: CHRISTOPHER DRAKE
Respondent: Her Majesty's Revenue & Customs
Chairmen / Special
Commissioners:
Zachary CITRON
Date Of Decision: 17/01/2022
Main Category: PROCEDURE
Main Subcategory: Other
Notes: CAPITAL GAINS TAX - agreement for grant of lease on payment of premium - taxpayer paid deposit at time of contract as part payment of premium due on completion - taxpayer defaulted on next stage payment of premium and so contract rescinded - was the lost deposit an allowable loss? - Hardy (Upper Tribunal), Lloyd-Webber (First-tier Tribunal) and Underwood (Court of Appeal) considered - Held: the Tribunal was bound by the decision of the Upper Tribunal in Hardy - appeal dismissed
PDF Copy:                                 [2022] UKFTT 25 (TC)


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URL: http://www.bailii.org/uk/cases/UKFTT/TC/2022/TC08377.html