Landmark cases including TLLC
on share transactions and exempt sports bodies in Hilden Park, and
online VAT reporting ruled discriminatory
TLLC case: share transactions under the spotlight
Hot on the heels of the Cambridge University decision reported
last month (TC02836), comes the First Tier Tribunal (FTT) decision
in TLLC Ltd (TC02857).
On the surface they seem dissimilar, but there is a point on
which they may conflict. TLLC was mainly about the status of the sale
of shares in companies by the holding company. This arose in the context
of a sale and leaseback arrangement relating to hotels.
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