Gleneagles Hotel plc v Commissioners of Customs and Excise
Gleneagles Hotel plc v Commissioners of Customs and Excise
- 1986
- (See also WB2241-18)
London Tribunal 19 August 1986. An appeal against an assessment to VAT of a contribution paid by its landlord. The Commissioners decided that the sum of £1.4m paid to the tenant by the landlord was the consideration for a supply of services made by the tenant, which was chargeable to tax at the standard rate. The tenant disputed this and sought a further reduction in the assessment. Briefly, the tenant had entered into a contract with the landlord to take an underlease of a hotel for 99 years at a rent to be calculated in accordance with turnover and net income of the hotel, and subject to the covenants to repair and re-equip it. This item is no longer held by the RICS Library but may be available through inter-library loan - Please ask Library staff for details.
FINANCE ACT 1972 S6(2)
VALUE ADDED TAX ACT 1983 S3(2)
England and Wales--1543-
London Tribunal 19 August 1986. An appeal against an assessment to VAT of a contribution paid by its landlord. The Commissioners decided that the sum of £1.4m paid to the tenant by the landlord was the consideration for a supply of services made by the tenant, which was chargeable to tax at the standard rate. The tenant disputed this and sought a further reduction in the assessment. Briefly, the tenant had entered into a contract with the landlord to take an underlease of a hotel for 99 years at a rent to be calculated in accordance with turnover and net income of the hotel, and subject to the covenants to repair and re-equip it. This item is no longer held by the RICS Library but may be available through inter-library loan - Please ask Library staff for details.
FINANCE ACT 1972 S6(2)
VALUE ADDED TAX ACT 1983 S3(2)
England and Wales--1543-