Cases - Lubbock Fine & Co v Commissioners of Customs & Excise

Record details

Name

Lubbock Fine & Co v Commissioners of Customs & Excise

Date

[1994]

Citation

CJEC Case C-63/92

Legislation

Value Added Tax Act 1994

Keywords

Value added tax - landlord and tenant - payment by landlord to reacquire lease landlord not opted to tax rental income - whether payment exempt from VAT

Summary

It was held by the ECJ that a payment by a landlord to reacquire a lease from its tenant, Lubbock Fine, was an exempt payment where the landlord had not opted to tax its rental income. This saved Lubbock Fine from having to pay over £125,000 of VAT to Customs.