Rectification. Loan documentation: interest clause. Composite rate tax.Both parties to a contract were mistaken as to the tax regime which applied. Section 476(5) ICTA 1988. Crawley Borough Council (the lender) was entitled to have the contract rectified so that the net amount of interest received would indeed be the rate of interest specified in the original contract.David Goldberg KC and John Walters KC appeared for the taxpayer
Crawley Borough Council v. Bradford & Bingley Building Society – UNREPORTED
Gray’s Inn Tax Chambers is delighted to have been shortlisted for 4 separate awards at The Legal 500 Bar Awards 2023
19 Jul 2023
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
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.