Chancery Division.

Lawrence Collins J.

Judgment delivered 25 October 2001.

Value added tax – Input tax – Partial exemption – Capital goods – Dealer in new and used cars – Some new cars used as demonstrators – Some demonstrators then used as courtesy or company cars before being sold – Whether demonstrators were capital goods – Council Directive 77/388, art. 19(2) – Value Added Tax Regulations 1995 (SI 1995/2518), reg. 101(3).

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