HL Corporation tax – Group relief – Trading stock – Whether assets acquired as trading stock by one group company from another – Whether prospective capital loss effectively transmuted into a trading loss available for group relief – Income and Corporation Taxes Act 1970, ss 273, 274(1) – Finance Act 1965, Sch 7 para 1(1) and (3).
[1985] UKHL TC – 59 – 516, [1985] 1 WLR 193, [1985] STC 124, [1985] PCC 209, [1985] 1 All ER 686, 59 TC 516
Bailii
England and Wales
Corporation Tax
Updated: 10 January 2022; Ref: scu.559758
