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INTERNATIONAL U.K. House of Lords

Inland Revenue Commissioners v Burmah Oil Co Ltd [1981] UKHL TC_54_200 (03 December 1981)

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Inland Revenue Commissioners v Burmah Oil Co Ltd [1981] UKHL TC_54_200 (03 December 1981)

Corporation tax – Chargeable gains – Allowable losses – Tax avoidance scheme involving disposal of shares by parent company following rights issue by subsidiary company – Consideration for rights issue – Whether market value or issue price – Finance Act 1965, s 22(4), Sch 7, para 4 – Whether loss to which scheme gave rise to be disregarded.
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Source: https://www.bailii.org/

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