Chancery Division.

Laws J.

Judgment delivered 10 February 1998.

Value added tax – Partnership – Retiring partner – Deed of retirement provided for retiring partner to be paid his share of current assets less liabilities as at the date of the deed – Whether retired partner entitled to share of VAT repayment.

  This was an action brought by a retired partner against a continuing partner claiming a share in a VAT repayment obtained as a result of a change in the law after his retirement.

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