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United Kingdom House of Lords Decisions
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Inland Revenue Commissioners v Burmah Oil Co Ltd [1981] UKHL TC_54_200 (03 December 1981)
URL: http://www.bailii.org/uk/cases/UKHL/1981/TC_54_200.html
Cite as:
54 TC 200,
[1982] STC 30,
1982 SC (HL) 114,
[1980] TR 397,
[1982] TR 535,
[1981] UKHL TC_54_200,
1982 SLT 348
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Inland Revenue Commissioners v Burmah Oil Co Ltd [1981] UKHL TC_54_200 (03 December 1981)
Corporation tax - Chargeable gains - Allowable losses - Tax avoidance scheme involving disposal of shares by parent company following rights issue by subsidiary company - Consideration for rights issue - Whether market value or issue price - Finance Act 1965, s 22(4), Sch 7, para 4 - Whether loss to which scheme gave rise to be disregarded.
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