Case: 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 the 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.  

The Lloyd-Webbers appealed against the closure notices issued under s28A of the Taxes Management Act 1970 (TMA 1970), by HMRC on 15 September 2017 and 5 October 2017.