The Tax Tribunal: a beautifully 'choreographed' TOGC

On 15 January 2008, the Royal College of Paediatricians and Child Health completed the purchase of a freehold building in central London from Coleridge (Theobalds Road) Ltd for £17,445,000.

Prior to this transfer, Coleridge had made an option to tax in relation to the property and so (in the absence of TOGC treatment) a significant VAT charge would arise, which would be largely irrecoverable in the hands of the college because of its exempt and non-business activities.

Accordingly, the parties sought tax advice to try to achieve a VAT-efficient structure…

If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Overview

Fountain House
130 Fenchurch Street
London
EC3M 5DJ
UK

Turnover (£m): 79.50
No. of lawyers: 367