Source: All England Reporter
Publisher Citation: [2001] All ER (D) 355 (Feb)
Court: Chancery Division
Judge:

Lightman J

Representation Michael Furness QC (instructed by the Solicitor of Inland Revenue) for the appellants.
  Andrew Thornhill QC (instructed by Ashurst Morris Crisp) for the respondents.
Judgment Dates: 28 February 2001

Catchwords

Tax - Tax advantage - Transaction in securities - Whether declaration and payment of dividend transaction in securities - .

The Case

The term 'transactions in securities' in of the Income and Corporation Taxes Act 1988 did not embrace without more the declaration and payment of a dividend.

Practice Areas

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