Corporation tax
Corporation tax
- 2001
- Estates Gazette [2001] 26 EG 162 (CS) 30/6/01 .
"Inland Revenue Commissioners v John Lewis Properties plc", CD 13 June 2001. Respondent taxpayer J entered into a rent factoring scheme assigning rental income for five years to bank in return for lump sum. Special commissioner's decision that the payment was a capital receipt and not income for corporation tax purposes was upheld. The commissioners' appeal was dismissed
INLAND REVENUE COMMISSIONERS V JOHN LEWIS PROPERTIES PLC
CORPORATION TAX
RENT FACTORING SCHEMES
RENTAL INCOME
CAPITAL RECEIPTS
"Inland Revenue Commissioners v John Lewis Properties plc", CD 13 June 2001. Respondent taxpayer J entered into a rent factoring scheme assigning rental income for five years to bank in return for lump sum. Special commissioner's decision that the payment was a capital receipt and not income for corporation tax purposes was upheld. The commissioners' appeal was dismissed
INLAND REVENUE COMMISSIONERS V JOHN LEWIS PROPERTIES PLC
CORPORATION TAX
RENT FACTORING SCHEMES
RENTAL INCOME
CAPITAL RECEIPTS