*Rondini Ltd v Treasury of the Isle of Man

Value added tax – Zero-rating. The First-tier Tribunal (Tax and Chancery Chamber) decided that the disposal by an Isle of Man Company, Rondini Ltd, of an interest in land in Lancashire to a charity was not zero-rated pursuant to Item 2 of Group 15 of Sch 9 to the Value Added Tax (Isle of Man) Act 1996.

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