Uganda Revenue Authority v Goodways Trustees Ltd
Uganda Revenue Authority v Goodways Trustees Ltd (Civil Suit No. 13 of 2007) [2014] UGHCLD 65 (3 April 2014)
The court found that the Plaintiff lawfully registered a charge on the Defendant’s property under Section 110 of the Income Tax Act, and that the Defendant failed to legally object to the tax assessment or appeal against it. The Defendant’s audited accounts did not cover the relevant period, and the tax amnesty under the Finance Act 2008 reduced the liability to Shs.205,127,100/=. The Defendant’s right to redeem the mortgaged land is foreclosed unless payment is made within six months, after which the Plaintiff may sell the property. The Plaintiff is entitled to costs. The court determined th…
Source excerpt
- Tax Liability Assessment
- Legal Mortgage Registration
- Foreclosure Proceedings
- Tax Amnesty Effects