Tenbry Investments Ltd v Peugeot Talbot Motor Co Ltd
Tenbry Investments Ltd v Peugeot Talbot Motor Co Ltd
- 1993
- Estates Gazette (9306) 13 February 1993, 104-106(3) .
ChD 2 October 1992. T, the landlord, was based in Jersey and required the defendant P to deduct tax from the rent of premises in Mile End Road, London. Having paid the rent without deductions, P realised the omission but planned to deduct the sum from, or set it off against future payments. P`s entitlement to do so was the central issue at court. The decision was that it could not, that the right could not be exercised retrospectively.
CORPORATION TAX
DEDUCTIONS
ENTITLEMENT
INCOME AND CORPORATION TAXES ACT 1988 S349
RENT PAYMENTS
TAX DEDUCTIONS
ChD 2 October 1992. T, the landlord, was based in Jersey and required the defendant P to deduct tax from the rent of premises in Mile End Road, London. Having paid the rent without deductions, P realised the omission but planned to deduct the sum from, or set it off against future payments. P`s entitlement to do so was the central issue at court. The decision was that it could not, that the right could not be exercised retrospectively.
CORPORATION TAX
DEDUCTIONS
ENTITLEMENT
INCOME AND CORPORATION TAXES ACT 1988 S349
RENT PAYMENTS
TAX DEDUCTIONS