Inland Revenue Commissioners v Kent Process Control Ltd.  BTC 8003
Queen’s Bench Division.
Sir Gervase Sheldon.
Judgment delivered 25 November 1988.
Stamp duty – Relief – Reconstruction or amalgamation of company – Undertakings of two subsidiaries were transferred to a third subsidiary in return for issue of new shares – New shares subsequently transferred to holding company for cash – Whether conditions for relief were satisfied – Whether provisional relief granted should be forfeited – Finance Act 1927, sec. 55(1)(c)(i), (6)(a) (repealed by the Finance Act 1986, sec. 74(1) and Sch. 23, Pt. IX).