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United Kingdom

WT Ramsay Ltd v IRC

[1982] AC 300
JurisdictionUnited Kingdom
Year1982
Statusunclear

Key Principle

The Ramsay principle: where a transaction is carried out as a series of pre-ordained steps with no commercial purpose other than tax avoidance, the court may look at the composite transaction and not each step in isolation.

Area of Law

tax

Related Cases

Commissioner of Taxation v Consolidated Media Holdings Ltd (2012) 250 CLR 503
Federal Commissioner of Taxation v Consolidated Media Holdings Ltd (Statutory Construction) [2012] HCA 55
Aid/Watch Inc v Commissioner of Taxation (2010) 241 CLR 539

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