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Non-Bank Lending In The Spotlight: UK House Of Lords Inquiry Into Systemic Risks And Market Stability
GT Greenberg Traurig, LLP More Greenberg Traurig, LLP has more than 2,850 attorneys across 49 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm’s broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries.
An Option To Dispose Of Property Does Not Necessarily Give Rise To A Taxable Disposal
In the appeal case of Krishnamohan v HMRC [2024] UKFTT 346, the UK's First-Tier Tribunal ("FTT") determined that an agreement titled "Option Agreement" that was entered into to dispose of certain properties, does not, for capital gains tax purposes, constitute the grant of an option to dispose until the grantee's right to exercise the option is no longer contingent on events within the taxpayers control.
An option to dispose of property does not necessarily give rise to a taxable disposal | JD Supra
In the appeal case of Krishnamohan v HMRC [2024] UKFTT 346, the UK’s First-Tier Tribunal (“FTT”) determined that an agreement titled “Option Agreement” that was entered into to dispose of certain properties, does not, for capital gains tax purposes, constitute the grant of an option to dispose until the grantee’s right to exercise the option is no longer contingent on events within the taxpayers control.
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