36 Queen Street, London, EC4R 1BN | +44 (0)20 7242 2642
MEPC Holdings Limited v. Crispin Mark Taylor (HMIT) – Special Commissioners

The group relief rules contain special provisions for computing the amount of relief which can be surrendered by one member of the group to another. This case is about how those rules apply where a company has chargeable gains in a period but allowable losses arising in earlier periods which reduce or eliminate chargeable gain. The question is whether the chargeable gain reduces the amount of relief available for surrender. It was widely thought that it did. But this case establishes that it does not.David Goldberg KC (instructed by Messrs PricewaterhouseCoopers, Chartered Accountants) for the Appellant

Latest news:

Gray’s Inn Tax Chambers are delighted to announce Michael Firth is to be appointed King’s Counsel as per the new Silk appointments announced on Friday 19th January 2024.
22 Jan 2024
Gray’s Inn Tax Chambers are delighted to have won two awards at this year’s Chambers UK Bar Awards ceremony held on 30 November.
04 Dec 2023
GITC Review
The 2022 GITC Review is now available
If you would like to be added to the mailing list for future issues of the GITC Review, please send an email to Jane.Fullbrook@taxbar.com.
Read review