Inland Revenue Comrs v Harton Coal Co Ltd

Subject Matter

REVENUE — Surtax — Company — Subsidiary company — Direction that company's income be treated as members' income — Shares held by three companies- “Management” share held jointly in beneficial ownership by two companies — Whether “control” — Whether a “subsidiary company” — Finance Act, 1922 (12 & 13 Geo. 5, c. 17), s. 21 (6) — Finance Act, 1936 (26 Geo. 5 & 1 Edw. 8, c. 34), s. 19 (1) (a) — Finance Act, 1937 (1 Edw. 8 & 1 Geo. 6, c. 54), s. 14 (1) — Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), ss. 245, 256.

[1960] Ch 563; [1960] 3 WLR 414; [1960] 3 All ER 48; 39 TC 174, Ch D

COMPANY — Control — Company surtax purposes — Whether control related to beneficial ownership — Finance Act, 1922, s. 21 (6) — Finance Act, 1936, s. 19 (1) (a) — Finance Act, 1937, s. 14 (1) — Income Tax Act, 1952, ss. 245, 256.

[1960] Ch 563; [1960] 3 WLR 414; [1960] 3 All ER 48; 39 TC 174, Ch D

REVENUE — Surtax — Company — Subsidiary company — Direction that company's income be treated as members' income — Shares held by three companies — “Management” share held jointly in beneficial ownership by two companies — Whether “control” — Whether a “subsidiary company” — Finance Act, 1922 (12 & 13 Geo. 5, c. 17), s. 21 (6) — Finance Act, 1936 (26 Geo. 5 & 1 Edw. 8, c. 34), s. 19 (1) (a) — Finance Act, 1937 (1 Edw. 8 & 1 Geo. 6, c. 54), s. 14 (1) — Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), ss. 245, 256.

[1960] Ch 563; [1960] 3 WLR 414; [1960] 3 All ER 48; 39 TC 174, Ch D

COMPANY — Control — Company surtax purposes — Whether control related to beneficial ownership — Finance Act, 1922, s. 21 (6) — Finance Act, 1936, s. 19 (1) (a) — Finance Act, 1937, s. 14 (1) — Income Tax Act, 1952, ss. 245, 256.

[1960] Ch 563; [1960] 3 WLR 414; [1960] 3 All ER 48; 39 TC 174, Ch D