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INTERNATIONAL U.K. House of Lords

Chinn v Hochstrasser (Inspector of Taxes) [1980] UKHL TC_54_311 (11 December 1980)

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Chinn v Hochstrasser (Inspector of Taxes) [1980] UKHL TC_54_311 (11 December 1980)

Capital gains tax – Avoidance – Foreign trustees – Appointment to beneficiary of interest in shares contingent on survivalfor three days – Immediate sale by him to foreign company coupled with contract to repurchase shares on fourth day – Whether scheme effective to avoid apportionment of gain to beneficiary – Finance Act 1965 (c 25), ss 25(3) and 42(2) and Sch 7, para 13(1).
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