| Source: | All England Reporter |
| Publisher Citation: | [2004] All ER (D) 356 (Mar) |
| Neutral Citation: | [2004] EWHC 524 (Ch) |
| Court: | Chancery Division |
| Judge: | Lightman J |
| Representation | Michael Sherry and Louise Rippon (instructed by BP Collins) for the appellant. |
| Bruce Carr (instructed by the Solicitor of Inland Revenue) for the respondent. | |
| Judgment Dates: | 18 March 2004 |
Catchwords
Income taxation - Relief - Enterprise investment scheme - Qualifying business activity - Use of monies received - , .
The Case
The court affirmed the decision of the Special Commissioners dismissing the company's appeal against the refusal by the inspector to give authority to the company to issue certificates to investors in the company entitling them to claim enterprise investment relief pursuant to s306 of the . The use of money to pay dividends to investors was not use for the purpose of a qualifying business activity within s289 of the Act.
Practice Areas
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