Michael McGowan, "HMRC v Lloyds Bank Leasing (No 1) Ltd: the troublesome increase in the scope of the "sole or main object" test", [2015] British Tax Review, No.5 2015 (Thomson Reuters (Professional) UK Limited), p. 649

Summary Under
Tax Topics - General Concepts - Purpose/Intention

Facts in Lloyds Bank case (p. 649)

[K]awasaki Kisen Kaisha (K-Line) won a tender contract to acquire and operate two ships to transport liquefied...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Words and Phrases
one of main objects
Summary Under
Tax Topics - Income Tax Act - Section 83 - Subsection 83(2.1)
structured transactions with tax reduction as one of main objects

Following the Lloyd Bank decisions ([2014] EWCA Civ 1062, remitted to [2015] UKFTT 401) dealing with an anti-avoidance provision which was engaged...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.