Alan DoltonEditor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
HMRC v J Bute (CS — 27 May)
The CS has dismissed HMRC's appeal against Special Commissioners' decision no 637 reported at [2008] SSCD 258. Trustees of various family settlements had granted rights to various mining companies to extract coal and to disturb other minerals for the purpose of mining coal. The companies made payments to the beneficiary of the settlements. In his tax returns he treated the payments as falling within ICTA 1988 s 122 so that half of them were taxable as income and half of them...
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Alan DoltonEditor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
HMRC v J Bute (CS — 27 May)
The CS has dismissed HMRC's appeal against Special Commissioners' decision no 637 reported at [2008] SSCD 258. Trustees of various family settlements had granted rights to various mining companies to extract coal and to disturb other minerals for the purpose of mining coal. The companies made payments to the beneficiary of the settlements. In his tax returns he treated the payments as falling within ICTA 1988 s 122 so that half of them were taxable as income and half of them...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
