HMRC wins CGT rollover relief case

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HMRC has won an upper tribunal case against a car dealership about tax relief on capital gains tax.

The upper tribunal (Commissioners for HM Revenue & Customs and Mertrux Limited, UKUT 274 TCC), ruled in favour of HMRC, which restricted the CGT rollover relief claimed by the company following the disposal of its Mercedes car dealership business.

The case highlights the importance of establishing all the facts and reasons why payments are made for business assets especially where the transaction involves businesses of this nature, said Martin Mann, director at Gabelle, which advises accountancy firms on tax.

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About Nick Huber

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I’m a specialist business journalist and have a particular interest in tax and technology. 


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