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Lawson (Inspector of Taxes) v Johnson Matthey [1992] UKHL TC_65_39 (14 May 1992)

Lawson (Inspector of Taxes) v Johnson Matthey [1992] UKHL TC_65_39 (14 May 1992)

Corporation Tax – Insolvency of taxpayer company’s subsidiary – Purchase of subsidiary by Bank of England subject to injection by parent of £50m into subsidiary – Whether such payment of a capital or revenue nature.
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