HL Income tax, Schedule D – Profits tax – Deduction – Oil dealing company – Exclusivity agreement with retailers – Premises leased from retailer and sublet to him – Whether premium for lease paid on capital or revenue account – Income Tax Act 1952 (15 and 16 Geo. 6 and 1 Eliz. 2, c. 10), s. 137(f).
Citations:
[1965] UKHL TC – 43 – 1, [1965] 3 All ER 174, [1966] AC 295, [1965] 3 WLR 636, 43 TC 1
Links:
Statutes:
Jurisdiction:
England and Wales
Cited by:
Cited – Inland Revenue Commissioners v John Lewis Properties Ltd CA 20-Dec-2002
The taxpayer company purchased properties to be occupied by other companies within the same group. Having granted leases, they assigned the rental income for the first six years to a bank in return for a capital payment. They then sought relief from . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 14 June 2022; Ref: scu.559796