Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

COMMISSIONERS OF INLAND REVENUE v. BARCLAY CURLE & CO., LTD.

[1969] 1 Lloyd's Rep. 169

HOUSE OF LORDS

Before Lord Reid, Lord Hodson,1 Lord Guest, Lord Upjohn1 and Lord Donovan

Revenue - Income tax - Initial allowances - Construction of dry dock-Capital expenditure incurred on preliminary excavations and concrete work-Whether expenditure was on provision of "plant" and qualified for capital allowance of 3/10ths-Income Tax Act, 1952, Part X, Chapter I, Sects. 265 and 276, and Chapter II, Sect. 279-Meaning of "plant" and "provision".

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