The Resource HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test

HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test

Label
HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test
Title
HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test
Creator
Subject
Language
eng
Summary
Following this writer's earlier note on the case of HMRC v Lloyds TSB Equipment Leasing (No 1) Ltd, there have been two further judgments in this litigation: first in the Court of Appeal (CA) and then, on the CA's direction, a remitted hearing in the First-tier Tribunal (FTT). These decisions directly affect the interpretation of the many anti-avoidance rules which deny a tax relief where "the main object/purpose, or one of the main objects/purposes" of a transaction is the obtaining of a tax advantage. This case note examines this case further
Citation source
In: British tax review. - London. - (2015),
http://library.link/vocab/creatorName
McGowan, M
Geographic coverage
  • Europe
  • European Union
Language note
English
http://library.link/vocab/subjectName
  • case law
  • anti-avoidance
  • finance lease
  • shipping
  • capital allowance
Label
HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test
Instantiates
Publication
Label
HMRC v Lloyds Bank Leasing (No 1) Ltd : the troublesome increase in the scope of the "sole or main object" test
Publication

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