Sargent v Customs and Excise Commissioners
Sargent v Customs and Excise Commissioners
- 1995
- Simon`s Tax Cases (1995) STC 398-405(8) .
CA 16 February 1995. VAT - taxable person - receiver appointed under Law of Property Act 1925 in respect of a fixed charge over specific assets - whether receiver to be treated as taxable person - Value Added Tax (General) Regulations 1985 SI 1985:886 reg 11. VAT - liability for tax - receiver appointed by a mortgagee under Law of Property Act 1925 in respect of a fixed charge over specific assets - receiver collecting rents including VAT element - assignment to bank of rents including VAT - whether receiver entitled to apply VAT element in rents in discharge of moneys due to bank - whether receiver required to account for VAT element to Commissioners - Law of Property Act 1925 s109 (Journal headnote)
LAW OF PROPERTY ACT 1925 S109
RECEIVERS
RECEIVERSHIP
RENTS
TAXABLE PERSON
VALUE ADDED TAX
CA 16 February 1995. VAT - taxable person - receiver appointed under Law of Property Act 1925 in respect of a fixed charge over specific assets - whether receiver to be treated as taxable person - Value Added Tax (General) Regulations 1985 SI 1985:886 reg 11. VAT - liability for tax - receiver appointed by a mortgagee under Law of Property Act 1925 in respect of a fixed charge over specific assets - receiver collecting rents including VAT element - assignment to bank of rents including VAT - whether receiver entitled to apply VAT element in rents in discharge of moneys due to bank - whether receiver required to account for VAT element to Commissioners - Law of Property Act 1925 s109 (Journal headnote)
LAW OF PROPERTY ACT 1925 S109
RECEIVERS
RECEIVERSHIP
RENTS
TAXABLE PERSON
VALUE ADDED TAX