|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 336 (Dec)|
|Neutral Citation:|| EWHC 3350 (Ch)|
Sir Andrew Morritt C
|Representation||Jonathan Peacock QC (instructed by DLA Piper Rudnick Gray Cary UK LLP) for the appellant.|
|David Ewart QC (instructed by the Solicitor for Revenue & Customs) for the respondents.|
|Judgment Dates:||21 December 2006|
Capital gains tax - Disposal of assets - Deferred consideration - Exchange of shares in company for loan stocks - Taxpayer non-resident in United Kingdom when redeeming loan stock - Whether share exchange effected for bona fide commercial reasons - Whether exchange part of a scheme or arrangements of which main purpose, or one of the main purposes, is the avoidance of liability to capital gains tax - , s 137.