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INTERNATIONAL U.K. House of Lords

Barclays Mercantile Business Finance Ltd v Mawson (Inspector of Taxes) [2004] UKHL TC_76_446 (25 November 2004)

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Barclays Mercantile Business Finance Ltd v Mawson (Inspector of Taxes) [2004] UKHL TC_76_446 (25 November 2004)

Corporation tax – Capital allowances – Writing down allowances – Plant and machinery – Composite transaction – Ramsay principle – Expenditure – Expenditure on provision of asset – Finance leasing – Asset owned by a non-UK company – Series of transactions of finance leasing nature starting with sale of the p asset and ending with that company having use of the asset but not having use of the purchase price of the asset – Whether Ramsay principle applied – Whether writing down allowances due – Capital Allowances Act 1990, ss 24( 1) and 75( 1).
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Source: https://www.bailii.org/

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