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

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...

Inheritance tax. “Carve-out” leases. Failed implementation.

Lady Ingram had conveyed property to a nominee, who then purported to grant her a lease of 20 year term. The freehold reversion...

In a landmark decision for pension funds, the Special Commissioners held that the sub-underwriting activities of the Post Office and BT schemes did not constitute trading within Case...