Group tax relief in joint venture
Group tax relief in joint venture
- 1991
- Times 29/5/91 p35 .
In J Sainsbury plc v O`Connor , CA 22 May 1991, it was held that a joint venture agreement between the defendant and a Belgian company to establish a chain of home improvement stores did not deprive them of entitlement under the provisions of Income and Corporation Taxes Act 1970 s258 to group relief for the trading losses subsequently incurred.
CORPORATION TAX
LAW CASE
In J Sainsbury plc v O`Connor , CA 22 May 1991, it was held that a joint venture agreement between the defendant and a Belgian company to establish a chain of home improvement stores did not deprive them of entitlement under the provisions of Income and Corporation Taxes Act 1970 s258 to group relief for the trading losses subsequently incurred.
CORPORATION TAX
LAW CASE