CGT: release of pre-sale asset transfer consideration debt was consideration for share sale (First-tier Tribunal) | Practical Law

CGT: release of pre-sale asset transfer consideration debt was consideration for share sale (First-tier Tribunal) | Practical Law

The release of consideration left outstanding as a debt for a pre-sale transfer of assets to a selling shareholder was additional, non-cash consideration for the share sale (Cooling v HMRC [2015] UKFTT 223 (TC)).

CGT: release of pre-sale asset transfer consideration debt was consideration for share sale (First-tier Tribunal)

by Practical Law Tax
Published on 29 May 2015 • United Kingdom
The release of consideration left outstanding as a debt for a pre-sale transfer of assets to a selling shareholder was additional, non-cash consideration for the share sale (Cooling v HMRC [2015] UKFTT 223 (TC)).