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Tax Cases

Deductible expenses. Section 74 ICTA 1988. A one-off payment to terminate an onerous contract was deductible in computing profits for corporation tax purposes. The payment was held to...

Capital gains tax. Disposal consideration. Purchaser of company agrees to discharge debt.

Spectros disposed of the common stock in its subsidiary SIH. The agreed purchase price was $20,001,000, but...

Tags: David Goldberg QC | 09 Jan 1997

Corporation tax. Accounting periods. “Within the charge to tax” – s.832(1) ICTA 1988.

ACT paid on a dividend cannot be carried back and set against an earlier year’s corporation...

Tags: Conrad McDonnell, David Goldberg QC | 09 Jan 1997

Notices requiring a third party to produce documents, issued by the Inland Revenue during tax investigations. s.20(3) TMA 1970.

The notices were quashed on the grounds (a) that they...

Tags: Conrad McDonnell, John Walters | 09 Jan 1996


Schedule E – s.145 ICTA 1988 – s.168 ICTA 1988.

Shadow director. Offshore company. Whether individual whose wishes directors tend to follow constitutes a shadow director: held: not. Whether...

Tags: Hugh McKay | 07 Jan 1993

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Ben Blades joins Chambers
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18 Dec 2020
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