Robinson Family case redefines transfer of a going concern

In the wake of the Tribunal’s decision in the case of Robinson Family Limited v HMRC [2012] UKFTT 360, HMRC has issued Brief 30/12 detailing a new policy. This relates to property rental businesses. The point is whether it is necessary to transfer the entirety of the seller’s interest in a property for there to be a Transfer of a Going Concern (TOGC).