A ‘Holding company’ under the Act meant a company resident in the UK; A reference was made of the issues to the European Court. Citations: Times 15-Mar-1996 Statutes: Income and Corporation Taxes Act 1970 285(5)(b) Citing: Appeal from – Imperial Chemical Industries v Colmer (Inspector of Taxes) CA 9-Aug-1993 Group tax relief was available despite … Continue reading ICI Plc v Colmer (Inspector of Taxes): HL 15 Mar 1996