000			01383cab a2200229 4500
001			##ABS37351
008			090401t1986 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u3854
041	0		_aeng
245	0	0	_aGleneagles Hotel plc v Commissioners of Customs and Excise
260			_c1986
300			_a(See also WB2241-18)
350			_a0
520			_aLondon Tribunal 19 August 1986. An appeal against an assessment to VAT of a contribution paid by its landlord. The Commissioners decided that the sum of £1.4m paid to the tenant by the landlord was the consideration for a supply of services made by the tenant, which was chargeable to tax at the standard rate. The tenant disputed this and sought a further reduction in the assessment. Briefly, the tenant had entered into a contract with the landlord to take an underlease of a hotel for 99 years at a rent to be calculated in accordance with turnover and net income of the hotel, and subject to the covenants to repair and re-equip it.
520			_aThis item is no longer held by the RICS Library but may be available through inter-library loan - Please ask Library staff for details.
650	2	4	_aFINANCE ACT 1972 S6(2)
650	2	4	_aVALUE ADDED TAX ACT 1983 S3(2)
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY TAXATION
942			_n0
948			_c04/03/1997
999			_c2331 _d2331