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

In Floor v Davis 1979 STC 379 it was held that control was exercised where a resolution was passed, and as a result value passed out of shares, even though the taxpayers were absent and consequently did not vote in favour of the resolution.

Whether the transfer of rights attaching to a class of shares to another class of shares was chargeable to income tax as a distribution 24TACD2018