Court of Appeal.

[The appeals against this decision is reported at [1984] BTC 438 and [1985] BTC 121.]

Judgments delivered 6 December 1983.

Corporation tax – Trading stock – Groups of companies – Acquisition of property by land dealing company from development company in same group – Transfer of property by land dealing company to investment company in same group – Whether land dealing company acquired trading stock – Finance Act 1965, Sch. 7, para. 1Income and Corporation Taxes Act 1970, sec. 273(1); 274(1).

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