WebJun 20, 2005 · The long running saga of Barclays Mercantile Finance Limited ("BMBF") v Mawson reached its conclusion in the House of Lords on 25 November 2004. The final … WebMar 11, 2024 · Mawson (Her Majesty’s Inspector of Taxes) (Appellant) ORDERED TO REPORT The Committee (Lord Nicholls of Birkenhead, Lord Steyn, Lord Hoffmann, Lord …
Barclays Mercantile Business Finance Ltd v Mawson (Inspector of …
WebThe ratio decidendi of the House of Lords in the case can be simply stated that the claim for capital allowances should not be denied to BMBF, a finance lessor, owing to the circularity of some of the money flows as the circularity did not affect the issue of whether BMBF had incurred expenditure. WebStop Press: BMBF v Mawson decision For further information contact Richard Clarke (020 7804 2243; [email protected]) On 13 December the Court of Appeal found in favour of the taxpayer reversing the High Court judgement in BMBF v Mawson.The case involved a collateralised sale and leaseback but the decision of Justice Park in the High … dwr lighting fixtures
Judgments - Barclays Mercantile Business Finance Limited
WebNov 6, 2008 · The circular flow of funds did not affect the reality of the expenditure, and the House of Lords' decision in BMBF v Mawson was clear authority for this conclusion. Remittances: Payment of Professional Fees My enthusiasm in August for the relaxation introduced into Section 809W Income Tax Act 2007 was perhaps not entirely justified. WebMay 11, 2011 · The claims were made by two limited liability partnerships, the respondents Tower MCashback 1 LLP ("LLP1") and Tower MCashback 2 LLP ("LLP2"). The two claims were not identical, because there was an issue as to whether LLP 1 had started trading during the 2003-4 tax year for which it claimed FYAs (LLP2's claim was for the 2004-5 … WebBarclays Mercantile Business Finance Limited v Mawson Tony Beare examines the recent decision by Park J. in Barclays Mercantile Business Finance Limited v Mawson (2002 STC 1068) and explains why it is of some significance to a leasing industry still reeling after a spate of recent legislative changes. Tony Beare is a partner in Slaughter and May. dwr loll