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HMRCTax

Shares transfer costs accountant £600,000 in income tax

The charge was attributable to the illegal manoeuvre by Bostan Khan who paid into his bank account and then paid out again almost immediately £1.95m in respect of connected share sale and buy-back transaction

An appeal attempt by accountant Bostan Khan who was held liable to pay income tax of almost £600,000 in 2017 has been dismissed after appearing in Court in April 2021.

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