LON (91/8166)

No. 10034

Decision given 11 March 1993.

Input tax – Fishing rights – Whether tax on acquisition of rights for business purpose – Whether rights acquired as an investment – Whether acquisition made for capital gain amounted to carrying on business for tax purposes – Whether acquisition for letting purposes amounted to economic activity of kind specified in EC Sixth Directive – Value Added Tax Act 1983, sec. 14(3) and 47(1); Sixth Council Directive 77/388 of 17 May 1977 (OJ 1977 L145/1), art. 4.

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