A transaction might be so clearly inspired by fiscal considerations that its shape and character as a trading transaction would be insufficient to preserve its tax value as such.
Citations:
[1984] 1 WLR 1328
Jurisdiction:
England and Wales
Cited by:
Cited – New Angel Court Ltd v Adam (Inspector of Taxes) ChD 25-Jul-2003
The taxpayer company employed a subsidiary company through which it conducted its trade in land. It then sought to represent the profits from that subsidiary within its own accounts as trading profits for corporation tax purposes. The commissioner . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 29 April 2022; Ref: scu.185842
