The Commissioners for HM Revenue and Customs v Unicorn Tankships (428) Limited [2021] UKUT 0109 (TCC)
Upper Tribunal Tax and Chancery decision of Mr Justice Trower and Judge Swami Raghavan on 7 May 2021
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Tonnage Tax – interpretation of Paragraph 85 Schedule 22 Finance Act 2000 - whether company leaving tonnage tax regime liable to balancing charge under Capital Allowances Act 2001 on sale of assets following exit – no – appeal dismissed