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Tax Cases
All The Latest Tax Cases From Gray’s Inn Tax Chambers

Statutory interpretation. Carry back of surplus ACT. McGuckian principle applied.

The taxpayer was incorporated in 1993. Under Agriculture Act 1993, it was permitted to take over the trade and...

Industrial Buildings Allowance. The taxpayer, which operated cash and carry warehouses, sought to obtain IBAs on the ground that the buildings were used “for the purposes of a...

Corporation tax. Accounting periods. “Within the charge to tax” – s.832(1) ICTA 1988.

Decision of Vinelott J (Click here) upheld. ACT paid on a dividend cannot be carried back...

Income tax. Schedule D. Farming / woodlands.

The taxpayer grew Christmas trees. On a nine-acre site, coniferous trees were planted: mainly Norway Spruce, but also two other species not...

Income tax. Schedule E. PILONs (Payments in Lieu of Notice).

Two employees had notice periods of six months. The contract of employment provided for PILONs to be made, saying...