Liquidation expenses: corporation tax | Practical Law
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The House of Lords has held that corporation tax arising on interest income which the company would never receive, should still be treated as an expense of the liquidation to be paid by the liquidator in priority to unsecured claims.
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Liquidation expenses: corporation tax
Practical Law UK Legal Update 6-101-6969
(Approx. 5 pages)
Liquidation expenses: corporation tax
by Allen & Overy
Related Content
Published on 28 Mar 2002
•
UK
The House of Lords has held that corporation tax arising on interest income which the company would never receive, should still be treated as an expense of the liquidation to be paid by the liquidator in priority to unsecured claims.