Lawson v Johnson Matthey Plc
| Jurisdiction | England & Wales |
| Judgment Date | 15 December 1990 |
| Date | 15 December 1990 |
| Court | Chancery Division |
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5 cases
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Lawson v Johnson Matthey Plc
...v Granada Motorway Services Ltd TAX(1979) 53 TC 92 This was an appeal by the taxpayer company ("PLC") from a decision of Vinelott J ([1990] BTC 83) that a sum of £50m paid as a condition of the rescue by the Bank of England of its insolvent subsidiary ("JMB") was capital expenditure and was......
- Fulton Shipping Inc. of Panama (Respondents/Owners) v Globalia Business Travel S.A.U. (Formerly Travelplan S.A.U.) (Appellants/Charterers)
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Lawson v Johnson Matthey Plc
...of Appeal (Fox, McCowan and Beldam L.JJ.) on the other hand concluded that the ?50m. were paid to get rid of the shares. Vinelott J. [1990] S.T.C. 149 at p. 160 said: "The purpose of the board of the taxpayer company in agreeing to make that payment was no doubt to preserve the taxpayer com......
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The Commissioners for HM Revenue and Customs v Investec Asset Finance Plc and Investec Bank Plc
...first company, even if they are members of the same group: see Garforth v Tankard Carpets [1980] STC 251 and Lawson v Johnson Matthey plc [1990] STC 149 at The FTT’s findings and reasoning 52. The FTT’s findings and reasoning are set out in the following passage of the decision: “97. In con......
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