Abbey National plc v Commissioners of Customs and Excise (Record no. 75308)

MARC details
000 -LEADER
fixed length control field 01532cab a2200169 4500
001 - CONTROL NUMBER
control field L129866
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 050531n2005 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u129866
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
245 ## - TITLE STATEMENT
Title Abbey National plc v Commissioners of Customs and Excise
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2005
490 ## - SERIES STATEMENT
Series statement Estates Gazette
Volume/sequential designation [2005] 19 EG 175(1)
520 ## - SUMMARY, ETC.
Summary, etc. [2005] EWHC 831 (Ch), 6 May 2005. Considered whether a virtual transaction was exempt from VAT as leasing or letting of immovable property as used in Directive 77/388/EEC, Article 13B and implemented by the Value Added Tax Act 1994. The appellant (A) had entered into an agreement with a third party which purchased A's portfolio and then leased back any properties A wished to occupy. Some properties were either already occupied by A or sublet and required the landlord's consent for any assignment. The respondents (C) assessed A for VAT on the virtual transactions on the grounds that some properties were already occupied and were not an exempt supply of immovable supply of property and both occupied and sublet properties were considered as standard-rated supplies of agency and property management services. The VAT and Duties Tribunal upheld C's decision that the rents under the subleases accrued to M Ltd were exempt as per the 1994 Act Sched 10 para 8(1) but dismissed the second argument. A appealed and C cross-appealed. "Held": the appeal was allowed and the cross-appeal was dismissed.
590 ## - LOCAL NOTE (RLIN)
Local note IKA070605
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-PROPERTY TAXATION
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Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total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 31/05/2005   L129866 129866-1001 06/08/2019 1 06/08/2019 Journal article