Source: All England Reporter
Publisher Citation: [2002] All ER (D) 91 (Feb)
Neutral Citation: [2002] EWHC 94 (Ch)
Court: Chancery Division
Judge:

Lightman J
Representation Launcelot Henderson QC and Christopher Tidmarsh (instructed by the Solicitor of Inland Revenue) for the appellant.
  John Gardiner QC (instructed by Lovells) for the respondents.
Judgment Dates: 7 February 2002

Catchwords

Income tax - Tax advantage - Transaction in securities - Share buy-back schemes - Pension scheme entitled to exemption from tax - Whether trustees obtaining abnormal amount by way of dividend - Whether trustees obtaining tax advantage - , , .

The Case

The court allowed the Revenue's appeal from the decision of the Special Commissioners in which they answered the question whether the trustees obtained an abnormal amount by way of dividend in the negative and that accordingly the Revenue could not invoke the provisions contained in ss 703(1), 704A and 709 (forming part of Pt XVII) of the Income and Corporation Taxes Tax 1988.

Practice Areas

If you are a LexisLibrary subscriber you can read more about this case here.

Lexis®Library

  • An Official transcript is the final version of the judgment prepared by shorthand writers. LexisLibrary contains all judgments from the High Court and aboveView Judgment
  • The All England Law Reports comprises judgments with headnotes and catchwords indicating the area of law and key issues of the case prepared by legally qualified editorsFind AllER Reports
  • Cases related to this particular case that are related to, or discuss this caseView related cases
  • Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView related commentary