P.O Cahill (Inspector of Taxes) v Patrick J. O’Driscoll
Michael O’Driscoll and William F. O’Driscoll
[2005] IEHC 179
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Whether interest earned
on sums which belonged to a firm of solicitor’s clients,
was income of the solicitors and taxed at the higher rate
of income tax (52% was the rate in question at that time)?
(No, on the basis that the solicitors were holding
the monies in a fiduciary capacity)
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further analysis click
here | |
The
Commissioners of Her Majesty’s Revenue and Customs v
William Grant & Sons Distillers Limited
2005 CSIH63 |
Whether depreciation costs
which had been reflected in closing stock should have been
added back in the accounting period to which the depreciation
related to, or carried forward until the stock had been
sold? (The gross amount of depreciation
should have been added back in the period for which the
depreciation related)
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For further analysis click
here |
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Electronics Limited v HM Inspector of Taxes
SpC 476 |
Whether an electronics company
carried on a single trade or multiple trades as claimed
for the purposes of claiming terminal loss relief?
(A single trade – terminal loss relief was denied)
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here |
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Elsie
Allen and Keith Hately as Executors of Winifred Johnson Deceased
v Her Majesty’s Revenue and Customs
SpC 481 |
Whether an individual had abandoned
their domicile of choice, i.e., Spain and subsequently their
domicile of origin, i.e., the United Kingdom was revived?
(The individual had not abandoned their domicile
of choice – an intention to return to Spain had always
been maintained)
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For further analysis click
here |
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