A payment buying out technology royalties was not to be allowed against Corporation Tax. The cost of buying out a right to receive a revenue share was an income payment, not a capital payment.
Citations:
Times 08-Feb-1995, Ind Summary 20-Mar-1995, Gazette 08-Mar-1995
Jurisdiction:
England and Wales
Citing:
Cited – Mallalieu v Drummond HL 27-Jul-1983
The taxpayer was a barrister. To comply with Bar guidance on court dress, she wore, in court and in and to and from chambers black dresses, suits and shoes and white blouses. The clothing were perfectly ordinary articles suitable for everyday wear. . .
Cited by:
Appeal from – Vodafone Cellular Ltd v G Shaw (Her Majesty’s Inspector of Taxes) CA 20-Mar-1997
The court considered the application of the ‘exclusively’ test for expenditure which was sought to be set off against tax. Examining the leading modern cases, Millett LJ said: ‘the following propositions may be derived. (1) The words for the . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 06 August 2022; Ref: scu.90189