Westmoreland Investments Ltd v MacNiven (HMIT).  BTC 44
House of Lords.
Lord Nicholls of Birkenhead, Lord Hoffmann, Lord Hope of Craighead, Lord Hutton, Lord Hobhouse of Woodborough.
Judgment delivered 8 February 2001.
Tax avoidance – Corporation tax – Tax mitigation – Allowance of charges on income – Taxpayer making payments of accrued interest by means of further loans from creditor – Creditor owning indirectly issued shares of taxpayer – Whether payment of interest by taxpayer – Income and Corporation Taxes Act 1988, ss. 75(3), 338, 787(1).