Pilkington Brothers v Inland Revenue Commissioners: HL 21 Jan 1982

Corporation tax – Capital allowances – Scheme for the sale of allowances in respect of a new ship by shipowners to a company having no other connection with shipping – Purchasing company made member of same group as shipowners subsidiary which ordered ship – Whether scheme involved ‘arrangements’ within s 29(1) (b) (ii), Finance Act 1973, such as to render it ineffective.

[1982] UKHL TC – 55 – 705
Bailii
Finance Act 1973
England and Wales

Corporation Tax

Updated: 10 January 2022; Ref: scu.559771