Newnham College v Revenue and Customs Commissioners
House of Lords
” A scheme by which Newnham College, Cambridge, set up a company, which it owned and controlled, to which it leased its newly constructed library for the company to operate, was effective as a device to enable the college to recover the input tax attributable to the cost of building the library pursuant to paragraph 2 of Schedule 10 to the Value Added Tax Act 1994.”
The Times, 17th April 2008
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
