Hearings
England & Wales
13 Jun 2001 [2002] 1 WLR 35; [2001] STC 1118, Ch D
20 Dec 2002 [2002] EWCA Civ 1869; [2003] Ch 513; [2003] 2 WLR 1196; [2003] STC 117, CA
07 Jul 2003 (pet dis) [2003] 1 WLR 1812, HL(E)
Inland Revenue Comrs v John Lewis Properties plc
Subject Matter
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 for lump sum payment — Whether income or capital receipt — Whether assignment of right to receive rent transfer of interest in land — Whether entitlement to roll-over relief on part disposal of asset — Law of Property Act 1925, s 141 — Taxation of Chargeable Gains Act 1992, s 21(2)
Appellate History
Inland Revenue Comrs v John Lewis Properties plc [2002] 1 WLR 35; [2001] STC 1118, Ch D
Decision of Lightman J affirmed
Inland Revenue Comrs v John Lewis Properties plc [2002] EWCA Civ 1869; [2003] Ch 513; [2003] 2 WLR 1196; [2003] STC 117, CA