Supreme Court allows taxpayer's appeal in Balhousie Holdings Ltd (Appellant) v Commissioners for Her Majesty’s Revenue & Customs (Respondent) (Scotland)

Published on: 31 March 2021

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Specialist Tax Regulatory Materials

Article summary

In Balhousie Holdings Ltd (Appellant) v Commissioners for Her Majesty’s Revenue & Customs (Respondent) (Scotland), the Supreme Court has allowed the appeal of Balhousie Holdings Ltd (Appellant), providing clarification in the context of sale and leaseback to finance VAT-advantaged developments such as residential care housing and buildings used by charities. Philip Simpson QC, who acted for Balhousie Holdings Ltd before the Court of Session and the Supreme Court, comments on the significance and impact of the decision.

Jurisdiction(s): England, Wales and Scotland

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