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Tyrer v Smart (Inspector of Taxes) [1978] UKHL TC_52_533 (13 December 1978)

Tyrer v Smart (Inspector of Taxes) [1978] UKHL TC_52_533 (13 December 1978)

Income tax, Schedule E – Public flotation of company – Offer for sale of shares by tender – Right of employee to take up shares at minimum price rather than “striking” price – Whether advantage an emolument – Value of advantage.
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