The Law Reports (Chancery Division)
[1973] Ch 374
[CHANCERY DIVISION]
CANADA SAFEWAY LTD.
v.
INLAND REVENUE COMMISSIONERS
1971 Nov. 25,
26
Megarry J.
Revenue
— Stamp duty
— Conveyance or transfer on sale
— Associated companies
— Beneficial ownership of not less than 90 per cent. of issued share capital
— Whether 90 per cent. of nominal or actual value
—
Finance Act 1930 (20 & 21 Geo. 5, c. 28), s. 42 (2) (as amended by Finance Act 1967 (c. 54), s. 27)