The Law Reports (Chancery Division)
[2003] Ch 513
Court of Appeal
Inland Revenue Commissioners
v
John Lewis Properties plc
[2002] EWCA Civ 1869
2002 Oct 17,
18;
Dec 20
Dec 20
Schiemann, Arden and Dyson LJJ
Revenue
— Corporation tax
— Profits, computation of
— Rent factoring agreement
— Properties owned by holding company let to trading company
— Holding company assigning rental rights to bank in consideration for lump sum payment
— Whether payment capital or income receipt