Lawson (Inspector of Taxes) v Johnson Matthey: HL 14 May 1992

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:

Bailii

Jurisdiction:

England and Wales

Corporation Tax

Updated: 27 June 2022; Ref: scu.559855