LON (91/479)

No. 8865

Decision given 21 August 1992.

Input tax – The right to deduct input tax – Expenses of share issue by company making taxable supplies – Whether share issue a supply – Shares issued to finance purchase of warehouse and acquisition of company – Whether expenses of issue attributable to issue or to company’s taxable core supplies – Value Added Tax Act 1983, sec. 14(3)Value Added Tax (General) Regulations 1985 (1985/886), reg. 30 – Sixth Directive 77/388 of 17 May 1977 (OJ 1977 L145/1), art. 4, 6(1), 13(B)(d)5, 17(5) and 19(2).

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