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Swithland Investments Ltd v IRC: 1990

The court considered whether a scheme of re-arrangement of a company was a reconstruction within the meaning of the Stamp duty legislation.

Citations:

[1990] STC 448

Citing:

CitedHooper v Western Counties and South Wales Telephone Co Ltd 1892
The court placed a restrictive meaning on the idea of a company reconstruction. The new company is to consist of the old shareholders. . .

Cited by:

CitedMytravel Group Plc, Re Companies Act 1985 ChD 24-Nov-2004
The company sought approval of a proposed reconstruction under the section.
Held: Approval could not be given. To count as a reconstruction two principal qualities were required. The business carried on should be the same or similar, and those . .
Lists of cited by and citing cases may be incomplete.

Stamp Duty

Updated: 30 April 2022; Ref: scu.220251

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