UK - HMRC v Smallwood : Capital gains of settlor-interested trust with UK-resident settlor

Capital gains tax — Computation of gain — Double taxation relief — Taxpayers entering into sophisticated scheme to avoid capital gains tax — Whether trust or trustees “resident” in United Kingdom or Mauritius for purposes of governing double taxation agreement — Whether “tie-break” provision within such agreement applying to assist in determining competing residences — Taxation of Chargeable Gains Act 1992, s 277 — Double Taxation Relief (Taxes on Income) (Mauritius) Order 1981 (SI 1121/1981), Sch 1, arts 4(1)(3), 13(4)

Revenue and Customs v Smallwood & Anor [2010] EWCA Civ 778 (08 July 2010)