The Ramsay principle, as stated in Furniss v. Dawson  STC 153, allows tax legislation to applied to the substance of a transaction. Steps inserted artificially with no commercial (business) purpose other than tax avoidance may be disregarded. Whilst the steps inserted into a scheme may have some business effect, the question is not what is the effect of inserting the artificial steps but what is their purpose.Andrew Park KC appeared for the Inland RevenueSee also Article by David Goldberg Q.C.
IRC v. McGuckian  STC 908 (H.L.)
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04 Dec 2023
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
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