The Weekly Law Reports
[1979] 1 WLR 160
[CHANCERY DIVISION]
BURMAN (INSPECTOR OF TAXES)
v.
HEDGES & BUTLER LTD.
1978 Nov. 6;
8
Walton J.
Revenue
— Tax avoidance
— Disposal of assets
— Seheme for sale of shares by way of intermediate disposal to company in same group as selling company
— Shares then passing into ownership of purchaser in consequence of company liquidation
— Whether scheme within exemption for share restructuring for companies in same group
—
Income and Corporation Taxes Act 1970 (c. 10), s. 273