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Transfer of assets abroad provisions did not apply to UK resident shareholders in a company that had transferred assets overseas (Supreme Court) (Full update)
Practical Law UK Legal Update Case Report w-041-4637 (Approx. 5 pages)
Transfer of assets abroad provisions did not apply to UK resident shareholders in a company that had transferred assets overseas (Supreme Court) (Full update)
In HMRC v Fisher [2023] UKSC 44, the Supreme Court overturned the Court of Appeal's decision, holding that the transfer of assets abroad rules did not apply to the sale of a tele-betting business by a UK family-owned company to a Gibraltar company owned by the same UK resident family members.
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Resource ID w-041-4637© 2024 Thomson Reuters. All rights reserved.
Published on 29-Nov-2023
Resource Type Legal update: case report
Jurisdiction
Related Content- United Kingdom