Inland Revenue Commissioners v Coathew Investments Ltd: HL 31 Mar 1966

Surtax – Investment company – Computation of actual income – Deduction – Annual payment under voluntary covenant – Beneficiary not an individual – Income Tax Act 1952 (15 and 6 Geo. 6 c 1 Eliz. 2, c. 10), ss. 245, 248, 255(3), 262 and 45 .

Citations:

[1966] UKHL TC – 43 – 301, [1966] 1 WLR 716, [1966] 1 All ER 1032, [1966] TR 81, (1966) 43 TC 301

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 14 June 2022; Ref: scu.559800