Case Law

This page shows a summary of relevant case law. To view the section of legislation to which the case law applies, click the link below:

Case Law

The Tax Appeals Commissioner found in favour of the taxpayer and determined that a complete break from the company was not necessary and therefore the taxpayer satisfied the 'trade benefit test' and accordingly the redemption and cancellation of his redeemable ordinary shares was not a distribution by the company. 22TACD2017