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Decision Number: |
TC 02069 |
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Appellant:
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Greene King plc
Greene King Acquisitions Limited |
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Respondent:
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The Commissioners for Her Majesty's Revenue & Customs |
Chairmen / Special
Commissioners: |
Colin BISHOPP
Alison MCKENNA
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Date Of Decision:
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14/06/2012 |
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Main Category:
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INCOME TAX/CORPORATION TAX |
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Main Subcategory:
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Other |
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Notes:
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CORPORATION TAX — accounting treatment of intra-group
transactions — loan relationship provisions — FA 1996, Part IV, Ch II—
whether accounting treatment adopted GAAP compliant — no — FRS 5, 18 —
interest strip — whether principal should be partially de-recognised in
creditor’s accounts — yes — whether receipts of stripped interest within FA
1996 s 84(1)(b) — no — whether FA 1996 s 84(2)(a) applies — no — appeal
dismissed |
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Decision(s) to Download:
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TC02069.pdf 
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