HL Corporation Tax – Insolvency of taxpayer company’s subsidiary – Purchase of subsidiary by Bank of England subject to injection by parent of andpound;50m into subsidiary – Whether such payment of a capital or revenue nature.
Citations:
[1992] UKHL TC – 65 – 39
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 27 June 2022; Ref: scu.559855