LawCare Nigeria

Nigeria Legal Information & Law Reports

INTERNATIONAL U.K. House of Lords

Garner (Inspector of Taxes) v Pounds Shipowners & Shipbreakers Ltd [2000] UKHL TC_72_561 (18 May 2000)

admin 0

Garner (Inspector of Taxes) v Pounds Shipowners & Shipbreakers Ltd [2000] UKHL TC_72_561 (18 May 2000)

Corporation tax – Capital gains tax – Chargeable gains – Consideration for disposal – Deductible expenditure – Option to buy land granted – Grantor to obtain release of restrictive covenants over land – Payment by grantee returnable if covenants not released – Whether consideration for grant of option net sum after allowing cost of obtaining release of covenants – Whether that cost deductible expenditure- -Capital Gains Tax Act 1979. ss 32. 40 and 41.
A HTML version of this file is not available click here to view the whole pdf version : [2000] UKHL TC_72_561

Source: https://www.bailii.org/

admin

Website:

Related Story