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√Ñ¬∂ 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
Bestway (Holdings) Ltd v Luff (Chancery Division)
GITC is sad to report the death of our Head of Chambers, Mr Milton Grundy who passed away at the weekend.
Gray’s Inn Tax Chambers is deeply saddened by the passing of our founding member and Head of Chambers, Mr Milton Grundy
28 Nov 2022
Gray’s Inn Tax Chambers is deeply saddened to learn of the death of Her Majesty Queen Elizabeth II.
We join the nation in mourning and our condolences are with the Royal Family.
09 Sep 2022
The 2022 GITC Review is now available
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