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INTERNATIONAL U.K. House of Lords

CHW (Huddersfield) Ltd v Inland Revenue Commissioners [1963] UKHL TC_41_92 (20 June 1963)

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CHW (Huddersfield) Ltd v Inland Revenue Commissioners [1963] UKHL TC_41_92 (20 June 1963)

Surtax-Undistributed income of trading company – Control transferred during accounting period to company outside Section 245, Income Tax Act, 1952 – Whether income can be apportioned to members prior to transfer – Resolution to pay no dividend on ordinary shares followed by resolution at later date to pay a dividend – Whether dividend paid within reasonable time – Income Tax Act, 1952 (15 & 16 Geo. V I & l Eliz. II, c.10), Sections 245, 248(1) and 256(2)(c)(i) and (4)
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