2004 Barclays Mercantile Business Finance Ltd v Mawson (Inspector of Taxes) [2004] UKHL TC_76_446 (25 November 2004)


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United Kingdom House of Lords Decisions
You are here: BAILII >> Databases >> United Kingdom House of Lords Decisions >> Barclays Mercantile Business Finance Ltd v Mawson (Inspector of Taxes) [2004] UKHL TC_76_446 (25 November 2004)
URL: http://www.bailii.org/uk/cases/UKHL/2004/TC_76_446.html
Cite as: [2004] STI 2435, [2005] STC 1, 7 ITL Rep 383, 76 TC 446, [2005] AC 684, [2004] UKHL 51, [2004] UKHL TC_76_446, [2005] 1 AC 684, [2004] BTC 414, [2004] 3 WLR 1383, [2005] 1 All ER 97

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Barclays Mercantile Business Finance Ltd v Mawson (Inspector of Taxes) [2004] UKHL TC_76_446 (25 November 2004)

Corporation tax - Capital allowances - Writing down allowances - Plant and machinery - Composite transaction - Ramsay principle - Expenditure - Expenditure on provision of asset - Finance leasing - Asset owned by a non-UK company - Series of transactions of finance leasing nature starting with sale of the p asset and ending with that company having use of the asset but not having use of the purchase price of the asset - Whether Ramsay principle applied - Whether writing down allowances due - Capital Allowances Act 1990, ss 24( 1) and 75( 1).

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