Rolls Royce Motors Ltd v Bamford: 1976

The court was asked whether the new state owned company which took over some of the assets and undertaking of Rolls Royce Ltd following its insolvency was entitled to carry forward and set against its profits the losses of the old company up to the date of its liquidation. Rolls Royce Ltd had been made up of six divisions each making different types of engines. Four of the divisions which dealt with the manufacture of aero engines were transferred to the new state owned company while the two remaining divisions which manufactured cars were transferred to a new and separate company.
Held: The state owned company did not carry on the same trade as Rolls Royce Ltd had done because it no longer manufactured cars.

Judges:

Walton J

Citations:

(1976) 51 TC 319

Cited by:

CitedRevenue and Customs v Maco Door and Window Hardware (Uk) Ltd ChD 19-Jul-2006
The Revenue sought to disallow for industrial buildings allowance sums expended on warehouse premises which were to be used to store window products imported for use in other manufacturing processes.
Held: The Revenue’s appeal succeeded. ‘The . .
Lists of cited by and citing cases may be incomplete.

Corporation Tax

Updated: 01 May 2022; Ref: scu.244481