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United Kingdom House of Lords Decisions
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Banning v Wright [1972] UKHL TC_48_421 (14 June 1972)
URL: http://www.bailii.org/uk/cases/UKHL/1972/TC_48_421.html
Cite as:
[1972] UKHL TC_48_421,
[1972] 1 WLR 972,
[1972] WLR 972,
48 TC 421,
[1972] 2 All ER 987,
[1972] TR 105
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Banning v Wright [1972] UKHL TC_48_421 (14 June 1972)
Income tax, Schedule D - Excess rents - Case V III rents - Sublease rents -
Subletting in breach of covenants in head lease - Payments to head lessor in
consideration of subsequent consent - Whether paid as consideration for variation
or waiver of lease terms - Income Tax A ct 1952 (15 <6 16 Geo. 6 & 1 Eliz. 2, c.10),
s.1 7 5 ; Finance A ct 1963 (c.25), $5.20(6) and 22(4) and Sch. 4, paras. 8 and 9.
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