Biffa (Jersey) Ltd v Revenue and Customs: FTTTx 23 Oct 2014

FTTTx CORPORATION TAX – deemed loan transactions under section 730A ICTA 1988 – whether effect of section 195 FA 2003 that acquisition of own shares disregarded for purposes of section 730A – no – alternatively whether section 27 F(No 2)A 2005 applies in relation to andpound;214,108,391 paid by BCHL to BJL on 25 September 2008 – no – appeal dismissed

[2014] UKFTT 982 (TC)
Bailii
England and Wales

Corporation Tax

Updated: 23 December 2021; Ref: scu.538978