Boote (Inspector of Taxes) v Banco Do Brasil Sa: ChD 2 Apr 1996

An overseas bank may not carry forward a set-off against profits against later loss by overseas bank on loans through UK.

Citations:

Times 02-Apr-1996

Statutes:

Finance Act 1976 50(1)

Jurisdiction:

England and Wales

Corporation Tax, Banking

Updated: 08 April 2022; Ref: scu.78488