.png)
.png)
CRC v J Blackwell, Upper Tribunal (Tax and Chancery Chamber), 13 August 2015
The taxpayer held class A B and C shares in Blackwell Publishing (Holdings) Ltd. In 2003 after an unsuccessful takeover attempt by Taylor & Francis Group plc the taxpayer entered into an agreement with Taylor & Francis in relation to his A shares in return for £1m.
In 2006 John Wiley & Sons Inc made an offer for Blackwell for a higher sum than Taylor & Francis had offered in 2003. Taylor & Francis offered to release the taxpayer from the 2003 agreement if he paid them £25m.
In November 2006 the taxpayer entered into a new agreement with Taylor & Francis. This released him from the 2003 agreement and in return he paid Taylor & Francis £25m of which Wiley provided £7.5m and he provided the balance.
...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
