Queen’s Bench Division.

Judgment delivered 15 June 1978.

Value added tax – Second-hand goods – Taxpayer purchasing bare hull of boat and fitting out and commissioning it for use in its business – Whether cost of acquisition included such fitting out and commissioning costs – Subsequent sale of boat – Value  p. 152   Added Tax (Boats and Outboards Motors) Order 1975, art. 3(1)(b) and 4 (now Value Added Tax (Special Provisions) Order 1981, art. 4).

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