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HMRC internal manual

Business Income Manual

From
HM Revenue & Customs
Updated
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Transactions in land: Tax cases

The provisions were enacted in Finance Act 1969 and only a small number of cases have proceeded to the Courts. They are:

Diversion schemes:

  • Yuill v Wilson [1980] 52 TC 674
  • Yuill v Fletcher [1984] 58 TC 145
  • Sugarwhite v Budd [1988] 60 TC 679

‘Slice of the action’ contracts:

  • Page v Lowther [1983] 57 TC 199
  • Newman v Pepper and Newman v Morgan [2000] STC (SCD) 345

Other transactions:

  • Byfield v Edwards and Winterton v Edwards [1979] 52 TC 655
  • Chilcott and others v CIR [1981] 55 TC 446
  • Pardoe v Entergy Power Development Corporation [2000] 72 TC 617