[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]
	United Kingdom Upper Tribunal (Tax and Chancery Chamber)
You are here: BAILII >> Databases >> United Kingdom Upper Tribunal (Tax and Chancery Chamber) >> GDF Suez Teesside Ltd v Revenue and Customs (CORPORATION TAX) [2017] UKUT 68 (TCC) (17 February 2017) URL: http://www.bailii.org/uk/cases/UKUT/TCC/2017/68.html Cite as: [2017] UKUT 68 (TCC), [2017] STC 1622, [2017] BTC 507

[New search] [Printable PDF version] [Help]

GDF Suez Teesside Ltd v Revenue and Customs (CORPORATION TAX) [2017] UKUT 68 (TCC) (17 February 2017)

CORPORATION TAX — avoidance scheme — transfer of contingent, unrecognised, claim against third party to subsidiary in exchange for shares — subsidiary recognising value of asset despite contingency but parent not recognising shares — whether accounting GAAP-compliant — yes — loan relationship rules — whether FA 1996 s 84(1) engaged — yes — recognised value of asset to be brought into account as credit in parent’s corporation tax computation —appeal dismissed PROCEDURE — opening of enquiry — whether error in identification of accounting period invalidates enquiry — no, if intention clear.

A HTML version of this file is not available click here or view below the pdf version : 68.pdf