Other cases that caught our eye: 16 April 2021

Valuation of property development

In Z Denning and others v HMRC [2021] UKUT 76 (LC) (8 April 2021) the Upper Tribunal (Lands Chamber) decided on a valuation of two care homes as a preliminary issue in a first-tier tax tribunal appeal against SDLT discovery assessments and amendments to a self-assessment tax return. The SDLT market value rule in FA 2003 Sch 4 para 7 relies on the market value definition for CGT purposes in TCGA 1992 s 272. The UT followed the (agreed) expert evidence on the freehold valuation and found that leaseholds had no value after considering questions relating to goodwill and market rental values.

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VAT and public broadcasting services

In Balgarska natsionalna televizia (Case C-21/20) (25 March 2021) the advocate general opined that for VAT purposes the activities of a public television broadcaster consisting in the supply of television media services in so...