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Miller's Tales IV

Pete Miller, National Tax Technical Director of Tenon, writes about some more recent tax cases that have taken his interest

 
Pete Miller National Tax Technical Director of Tenon writes about some more recent tax cases that have taken his interest
 
This time around the cases are about the transactions in securities legislation at ICTA 1988 ss 703 et seq. The legislation for income taxpayers is now found in ITA 2007 ss 682 et seq.
Trevor G Lloyd v HMRC SpC 00672
 
Mr Lloyd owned 38.2% of the share capital of Prosaw Ltd a company manufacturing machine tools. Prosaw Holdings Ltd owned another 38.2% of Prosaw as well as...

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