Taxation- stamp duty
Taxation- stamp duty
- 1998
- Estates Gazette Case Summaries (1998) EGCS 10, (1) .
"LM Tenancies 1 plc v Inland Revenue Commissioners" CA 28 January 1998. Stamp duty - Lease or tack - Consideration for lease including premium - Premium to be calculated in accordance with formula requiring calculation at future date - Commissioners deciding leases chargeable with "ad valorem" duty in respect of premiums under Stamp Act 1891, Schedule 1 - Judge finding contingency principle applied - Appeal dismissed.
LM TENANCIES 1 PLC V INLAND REVENUE COMMISSIONERS
STAMP DUTY
"LM Tenancies 1 plc v Inland Revenue Commissioners" CA 28 January 1998. Stamp duty - Lease or tack - Consideration for lease including premium - Premium to be calculated in accordance with formula requiring calculation at future date - Commissioners deciding leases chargeable with "ad valorem" duty in respect of premiums under Stamp Act 1891, Schedule 1 - Judge finding contingency principle applied - Appeal dismissed.
LM TENANCIES 1 PLC V INLAND REVENUE COMMISSIONERS
STAMP DUTY