Simmons (Liquidator of Lionel Simmons Properties) v Inland Revenue Commissioners: HL 19 Jun 1980

HL Corporation tax – Shortfall – Finance Act 1965, s 77 – Acquisition and development of properties by group of associated companies – Decision to liquidate – Sales of properties – Whether trade or investment – Whether properties appropriated to trade.

Citations:

[1980] UKHL TC – 53 – 461

Links:

Bailii

Statutes:

Finance Act 1965 77

Jurisdiction:

England and Wales

Corporation Tax

Updated: 18 June 2022; Ref: scu.559788