The Weekly Law Reports
[1966] 1 WLR 1015
[HOUSE OF LORDS]
CENTRAL AND DISTRICT PROPERTIES LTD. APPELLANT AND INLAND REVENUE COMMISSIONERS RESPONDENTS
1965 Jan. 29;
Feb. 1, 2, 3, 4, 26
1966 Mar. 28, 29, 30;
May 18
Feb. 1, 2, 3, 4, 26
1966 Mar. 28, 29, 30;
May 18
WILLMER, HARMAN and SALMON L.JJ. LORD REID, LORD MACDERMOTT, LORD HODSON, LORD PEARCE and LORD PEARSON.
Revenue
— Stamp duty
— Conveyance or transfer on sale
— Exemption
— Acquisition of shares in the capital of a company
— Requirement that not less than 90 per cent. of the consideration for the acquisition consists of shares in the capital of the acquiring company
— Whether requirement satisfied
—
Finance Act, 1927 (17 & 18 Geo. 5, c. 10), s. 55 (1).