The case related to the sale of shares in Telework Group PLC, a British software business in Mauritius, in 2000.Lenagan - alongside Geoffrey Richard Haworth and Kleinwort Benson Trustees Ltd - argued a capital gains tax exemption applied to them under the terms of the UK-Mauritius tax treaty.However, Judge Harriet Morgan ruled that, as they were residents of the UK - the place of effective management - it didn't apply."The Mauritius trustees did not have a proactive role as regards the successful implementation of the plan," Judge Morgan wrote."Essentially, they were passive participants in the plan who largely merely reacted to what was put to them."
An HMRC spokesperson told Law360 they 'welcome the decision of the first-tier Tribunal'.
Wigan Athletic swoop to land former Manchester United striker
James McClean calls out sectarian abuse from Wigan Athletic 'fans'
Wigan Athletic Championship clash OFF
Bristol City manager bemoans two 'key decision' blunders in Wigan Athletic draw
Wigan Athletic boss on Joe Bennett substitution and Joe Williams incidents
It remains to be seen what effect - if any - this will have on Lenagan's role with the Warriors.