Profits Tax – Trade or business transferred – Election under Section 36 (4), Finance Act, 1947 – Transferor company wound up after selling shares in successor – Distributions exceed paid-up share capital – Whether distribution charge incurred – Finance Act, 1947 (10 and 11 Geo. VI, c.35), Section 30(3), 35 (1) (c), 36 (4) and 43 (1).
Citations:
[1961] UKHL TC – 39 – 707
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 28 June 2022; Ref: scu.559964
