36 Queen Street, London, EC4R 1BN | +44 (0)20 7242 2642
Bestway (Holdings) Ltd v Luff (Chancery Division)

Industrial Buildings Allowance. The taxpayer, which operated cash and carry warehouses, sought to obtain IBAs on the ground that the buildings were used ‚Äö√Ñ√∫for the purposes of a trade which consists in the storage ‚Äö√Ѭ∂ of goods‚Äö√Ñ√π (CAA 1990, s.7(1)(f)).Goods were stacked up to ceiling height in the warehouses; on average, around 6 weeks’ supply of each type of goods was held, assuming normal volume of salesHeld: The determining factor is the purpose for which the goods are kept or held. In this case, they were only stored to be available for self-service by customers, which was a necessary incident of the business of a wholesale supermarket; on the other hand, ‚Äö√Ñ√∫storage‚Äö√Ñ√π in s.7(1)(f) CAA 1990 means storage as a purpose and end in itself.David Goy KC and Aparna Nathan appeared for the taxpayer

Latest news:

Gray’s Inn Tax Chambers are delighted to announce Michael Firth is to be appointed King’s Counsel as per the new Silk appointments announced on Friday 19th January 2024.
22 Jan 2024
Gray’s Inn Tax Chambers are delighted to have won two awards at this year’s Chambers UK Bar Awards ceremony held on 30 November.
04 Dec 2023
GITC Review
The 2022 GITC Review is now available
If you would like to be added to the mailing list for future issues of the GITC Review, please send an email to Jane.Fullbrook@taxbar.com.
Read review