Grays Timber Products Limited (Appellants) v Her Majesty's Revenue and Customs (Respondents) (Scotland)
Linked as:
Extract
Grays Timber Products Limited (Appellants) v Her Majesty's Revenue and Customs (Respondents) (Scotland)
[c03]
[c2b][c4c][c4f][c44][c55][c5c][c03][c37][c48][c55][c50][c03] [c3e][c15][c13][c14][c13][c40][c03][c38][c2e][c36][c26][c03][c17][c03]On appeal from: [2008] CSIH 11; 2009 SLT 307[c03] [c03][c03] [c03][c2d][c38][c27][c2a][c30][c28][c31][c37][c03][c03][c03][c2a][c55][c44][c5c][c56][c03][c37][c4c][c50][c45][c48][c55][c03][c33][c55][c52][c47][c58][c46][c57][c56][c03][c2f][c4c][c50][c4c][c57][c48][c47][c03][c0b][c24][c53][c53][c48][c4f][c4f][c44][c51][c57][c56][c0c][c03]v [c03] [c2b][c48][c55][c03][c30][c44][c4d][c48][c56][c57][c5c][cb6][c56][c03][c35][c48][c59][c48][c51][c58][c48][c03][c44][c51][c47][c03][c26][c58][c56][c57][c52][c50][c56][c03][c0b][c35][c48][c56][c53][c52][c51][c47][c48][c51][c57][c56][c0c][c03] [c0b][c36][c46][c52][c57][c4f][c44][c51][c47][c0c][c03][c03][c03] [c03][c45][c48][c49][c52][c55][c48][c03][c03][c03] [c2f][c52][c55][c47][c03][c2b][c52][c53][c48][c0f][c03][c27][c48][c53][c58][c57][c5c][c03][c33][c55][c48][c56][c4c][c47][c48][c51][c57][c03][c2f][c52][c55][c47][c03][c35][c52][c47][c4a][c48][c55][c03] [c2f][c52][c55][c47][c03][c3a][c44][c4f][c4e][c48][c55][c03][c2f][c52][c55][c47][c03][c25][c55][c52][c5a][c51][c03] [c2f][c52][c55][c47][c03][c2e][c48][c55][c55][c03][c03] [c03] [c03][c2d][c38][c27][c2a][c30][c28][c31][c37][c03][c2a][c2c][c39][c28][c31][c03][c32][c31][c03] [c03][c03] [c16][c03][c29][c48][c45][c55][c58][c44][c55][c5c][c03][c15][c13][c14][c13][c03][c03][c2b][c48][c44][c55][c47][c03][c52][c51][c03][c14][c17][c03][c44][c51][c47][c03][c14]Ȉ[c03][c27][c48][c46][c48][c50][c45][c48][c55][c03][c15][c13][c13]˝Appellant Respondent Michael Sherry David Johnston QC Alun James Iain Artis (Instructed by Biggart Baillie LLP) (Instructed by HMRevenue and Customs) [c03][c03][c2f][c32][c35][c27][c03][c3a][c24][c2f][c2e][c28][c35][c03][c03]Introductory 1. In November 1999 Mr Alexander Gibson was appointed as managing director of Grays Timber Products Ltd ("Timber Products"), a wholly-owned subsidiary of Grays Group Ltd ("Group"). He also became a director of Group. He entered into a written service agreement with Timber Products and was also party to a subscription and shareholders' agreement ("the subscription agreement") under which he paid £50,000 to take up ordinary shares (amounting to about 6% of the issued ordinary capital) in Group. In November 2003 all the issued ordinary shares in Group were acquired by an outside purchaser, Jewson Ltd ("Jewson") for £6m, about £5.4m of which was paid in cash. Under the terms of the subscription agreement (to which Group and shareholders owning over four-fifths of its ordinary shares were parties) Mr Gibson became entitled to a disproportionately large part of the considera...See the full content of this document
Sponsored links
