Earlspring Properties Ltd v Guest (Inspector of Taxes)
| Jurisdiction | England & Wales |
| Court | Chancery Division |
| Judgment Date | 10 May 1993 |
| Date | 10 May 1993 |
Chancery Division
Before R Justice Vinelott
Earlspring Properties Ltd
and
Guest (Inspector of Taxes)
Income tax - company liability - deduction of director's remuneration
Excessive pay not deductible
Remuneration paid by a company, on the advice of its accountant, to the sole shareholder and director which was found to be excessive remuneration for the work that she did and to represent in part a diversification of her husband's earnings to her for fiscal purposes, was not deductible in computing the company's tax liability, not being...
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeStart Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial
4 cases
- Earlspring Properties Ltd v Guest (Inspector of Taxes)
-
Earlspring Properties Ltd v George Guest Esq.(HM Inspector of Taxes)
...the year ended 31 March 1984 and in the sum of £3455.35 for the year ended 31 March 1985. The decision of Vinelott, J. is reported in [1993] S.T.C. 473. A cross-appeal by the Revenue relating to another aspect of the judge's order was not pursued before us. 3 Earlspring is a company residen......
-
So Kai Tong Stanley v The Commissioner Of Inland Revenue
...merit in this argument. The two English cases of Copeman v William Flood & Sons (1940) 24 TC 53 at 56 and Earlspring Property Ltd v Guest [1993] STC 473 at 486 held that where the Revenue had concluded that the expense was not wholly and exclusively incurred for the purpose of the taxpayer'......
-
Khera's Emporium Ltd and Others v Marshall (HM Inspector of Taxes)
...Act 1970, the burden of disproving the figures in the assessments lay upon the taxpayers. Mr Banks made reference to Earlspring Properties Ltd v Guest 67 TC 259, Hurley v Taylor, TL 3543 and Hudson v Humbles 42 TC 380. The taxpayers contended for their part that they had done nothing wrong ......
