000			01316cab a2200253 4500
001			ABS50363
008			090401t1994 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u75441
041			_aeng
245			_aMatrix-Securities Ltd v Inland Revenue Commissioners
260			_c1994
350			_a0
490			_aAll England Law Reports _v(1994) 1 AllER 769-793(25)
520			_aHL 17 February 1994. M were sponsors of a scheme to develop an enterprise zone property. Under this scheme, it was proposed that a unit trust would be formed to acquire the freehold, and also purchase some property. When M applied to Inland Revenue, for further details and reassurance on the scheme, they failed to provide a full and accurate disclosure for clearance on the matter. IR Inspectors then withdrew their clearance. The issue was whether or not they were fair in their withdrawal and whether this amounted to abuse of power. Held, IR were fully justified in their course of action, since they had no other choice. Appeal dismissed.
650			_aCAPITAL ALLOWANCES ACT 1990 S 10A
650			_aCAPITAL ALLOWANCES
650			_aENTERPRISE ZONES
650			_aINCOME TAX
650			_aMATRIX-SECURITIES LTD
650			_aTAX AVOIDANCE SCHEME
690			_aTAXATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c47493 _d47493