Lloyd Webbers beat HMRC in £6m Barbados CGT case
Musical impresario Andrew Lloyd Webber has won a tax case against HMRC over a claim for a capital gains tax rebate over development of a luxury beachside mansion in Barbados which was never completed.
At the time of the CGT dispute, the Lloyd Webbers were UK tax resident and domiciled in England. The losses claimed were £3,124,312 for Lord Lloyd Webber (ALW) and £3,124,311 for Lady Lloyd Webber (MLW) for a beachside development.
Read more at the Accountancy Daily.