Read the full judgment text of CACV 118/2002 on BabelCite. This Court of Appeal judgment.
221. In contrast, however, sometimes terms in tax legislation do not have a broad commercial meaning. It is crucial to bear this in mind because in this situation, the innovation introduced by the Ramsay Principle contained in Lord Brightman's words in Furniss v Dawson (see paragraphs [210] and [216] above) has little, if any, application. Lord Hoffmann put the matter in this way in his speech in Macniven at paragraph 49 (following on from the passage I have given in paragraph [217] above ) (393
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