HL Income tax – Capital or income – Rentcharges – Payable for 10 years – Paid as consideration for sale of capital assets – Whether containing a capital element – Whether wholly payable under deduction o f tax – Income Tax Act 1952 (15 and 16 Geo. 6 and 1 Eliz. 2, c. 10), 177.
Citations:
[1976] UKHL TC – 50 – 516, [1976] 2 All ER 1037, [1976] STC 339, [1976] TR 187, [1977] AC 329, [1976] 3 WLR 214
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 18 June 2022; Ref: scu.559834