Taxation
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Davis (Inspector of Taxes) v Powell
Capital gains tax — Compensation for disturbance under section 34 of Agricultural Holdings Act 1948 — Compensation not derived from the disposal of an asset — Sum which Parliament says…
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Tempest Estates Ltd v Walmsley (Inspector of Taxes)
Land-holding company formed to avoid estate duty and pay portions to children–Substantial sales of developable land over the years to some extent forced on company–Commissioners entitled to reach conclusion that…
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Wase v Bourke
Taxation — Milk quota — Whether taxpayer entitled to retirement relief on sale of quota
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Watkins v Kidson (Inspector of Taxes)
Capital gains–Land owned on April 6 1965–Computation of chargeable gain–Time-apportioned basis or formula based on April 6 market value–Latter basis applicable if case fell within paragraph 23(1)(b) of Schedule 6…
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Hanstead Investments Ltd v Inland Revenue Commissioners
Land-dealing company acquires property from members for £6,000 borrowed either from the members themselves or from a bank–Money not applied ‘out of the income of the company,’ surtax direction therefore…
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Makins v Elson (Inspector of Taxes)
Whether jacked-up caravan a ‘dwelling-house’ within the meaning of section 29(1) of the Finance Act 1965, for the purpose of exemption from capital gains tax–Electricity, water and telephone connected–Sale of…
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Commissioners of Inland Revenue v Church Commissioners for England
Properties sold by Church Commissioners in consideration of annual rent charges for period of 10 years–Much to be said economically, but not legally, for the view that the consideration for…
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Emmerson v Computer Time International Ltd
Capital gain on assignment of lease–Payment of arrears of rent made by liquidator to obtain landlord’s consent to assignment not made to enhance the value of the asset and not…
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Alexander v Inland Revenue Commissioners
Housing — ‘Right to buy’ — Capital transfer tax (now inheritance tax) — Valuation for tax purposes of long leasehold interest acquired by deceased secure tenant under the right to…
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McGowan (Inspector of Taxes) v Brown and Cousins
Ex gratia payment to estate agents–Whether taxable as a profit–Agents acting for builders in acquisition of land for development not appointed selling agents by purchasers of the land–Payment of £2,500…
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Starke and another v Commissioners of Inland Revenue
Inheritance tax — Agricultural property relief — Whether land consisting of buildings ‘agricultural land or pasture’ under Inheritance Tax Act 1984 — Definition of ‘land’ in section 5 of the…
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Pepper v Daffurn
Taxation — Capital gains — Disposal of covered cattle yard for development — Whether taxpayer entitled to relief under section 69 of the Finance Act 1985 — Whether taxpayer altered…