Sargent v Eayrs: 1973

Abortive expenditure on the proposed acquisition of a capital asset is usually capital in nature.


[1973] 1 WLR 236

Cited by:

CitedCamas Plc v HM Inspector of Taxes ChD 7-Jul-2003
An investment company sought to set against its liability to corporation tax, the various costs of taking over another company. They argued that as an investment company these were not costs of the purchase and could be set against tax.
Held: . .
Lists of cited by and citing cases may be incomplete.

Income Tax

Updated: 29 April 2022; Ref: scu.184472