Depreciatory transactions. Section 176 TCGA 1992 (formerly s.280 TA 1970).The machinery of section 176 (reduction of allowable loss on a disposal of shares in a company if the company has previously disposed of assets at an undervalue to another group member) applies to reduce the allowable loss after indexation – so the taxpayer does not retain the benefit of the indexation allowance.Andrew Park KC and Hugh McKay appeared for the taxpayer
Tesco plc v. Crimmin (Inspector of Taxes)  STC 981 (Ch D)
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
The 2022 GITC Review is now available
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