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WT Ramsay Ltd v IRC

[1982] AC 300
JurisdictionUnited Kingdom
CourtHouse of Lords
Year1982
StatusBinding authority

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

HMRC v Tooth [2021] UKSC 17
Test Claimants in the FII Group Litigation v HMRC [2021] UKSC 31
Prudential Assurance Co Ltd v Revenue and Customs Commissioners [2018] UKSC 39

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