Prudential Assurance Company Limited v Johnson (HM Inspector of Taxes): CA 13 Feb 1998

Life company’s management expenses were allowable against income under Sch D Case 1, but not allowable on income minus expenses basis.

Citations:

Times 24-Feb-1998, [1998] EWCA Civ 244

Statutes:

Income and Corporation Taxes Act 1988 75 76

Jurisdiction:

England and Wales

Cited by:

CitedCamas Plc v HM Inspector of Taxes ChD 7-Jul-2003
An investment company sought to set against its liability to corporation tax, the various costs of taking over another company. They argued that as an investment company these were not costs of the purchase and could be set against tax.
Held: . .
Lists of cited by and citing cases may be incomplete.

Corporation Tax

Updated: 14 November 2022; Ref: scu.143722