Inland Revenue Commissioners v John Lewis Properties plc (Record no. 72735)

MARC details
000 -LEADER
fixed length control field 01505cam a2200217 4500
001 - CONTROL NUMBER
control field ABS66747
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 030522n2003 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u122378
245 ## - TITLE STATEMENT
Title Inland Revenue Commissioners v John Lewis Properties plc
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2003
490 ## - SERIES STATEMENT
Series statement Weekly Law Reports
Volume/sequential designation [2003] 2 WLR 1196-1232(37)
520 ## - SUMMARY, ETC.
Summary, etc. [2003] EWCA Civ 1869, 20 December 2002. Respondent taxpayer (J) entered into a rent factoring scheme assigning rental income for five years to bank in return for lump sum. A special commissioner's decision that the payment was a capital receipt and not income for corporation tax purposes was upheld by the High Court (ChD 13 June 2001; WB3726-30) dismissing appeal by IRC. The IRC was allowed to appeal to the CA as to whether the payment was a capital and not an income receipt. The CA held that whether a payment was to be regarded as capital or income depended on the nature of the transactions and the factors involved. As the risk of non-payment of rent was transferred by the taxpayer company to the bank, the payment was to be treated as one of capital and not of income. Appeal dismissed. As at 27 May 2003, the Inland Revenue are seeking leave to appeal to HL (see also Abs66561).
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CORPORATION TAX
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element RENT FACTORING SCHEMES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element RENTAL INCOME
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CAPITAL RECEIPTS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INLAND REVENUE COMMISSIONERS V JOHN LEWIS PROPERTIES LTD
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element TAXATION-CASE LAW
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 22/05/2003   ABS66747 122378-1001 06/08/2019 1 06/08/2019 Law report