Guy Anthony "Tony" Vandervell was a British industrialist, motor racing financier, and founder of the Vanwall Formula One racing team.
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16 Facts About Tony Vandervell
2.
Tony Vandervell was the son of Charles Tony Vandervell, founder of CAV, later Lucas CAV.
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4.
Tony Vandervell started to build a team, based in his Acton factory, that would be capable of designing and running its own 2.
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5.
Tony Vandervell was nothing if not ambitious and brought in both Norton and Rolls-Royce as engine consultants.
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6.
Tony Vandervell reinforced his renamed Vanwall team for 1955, bringing in Mike Hawthorn and Ken Wharton as drivers, but only scored minor victories in the two newly constructed machines.
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7.
In 1956 Tony Vandervell drafted in Colin Chapman, Frank Costin and Harry Weslake on the engineering side.
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8.
Tony Vandervell had been deeply affected by Lewis-Evans's death, and in January 1959 he announced that he would not be continuing with the team.
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9.
The loss of Tony Vandervell's drive, ambition and money crippled Vanwall, and the team never again won a World Championship race.
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10.
Tony Vandervell donated a large sum of money to the Royal College of Surgeons to establish a chair.
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11.
Tony Vandervell then instructed the VP to declare a dividend on the shares.
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12.
The purpose of this was to avoid paying stamp duty by a written declaration of disposition of equitable ownership, and to avoid any liability for Tony Vandervell to pay surtax on the dividends since the RCS was a charity and thus not liable to pay tax.
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13.
In respect of the shares, the Inland Revenue Commissioners argued that Tony Vandervell retained an equitable interest and as such, he was liable to pay tax on the value of those shares.
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14.
However, Tony Vandervell was not so fortunate in respect of the option to purchase.
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15.
Tony Vandervell instructed the tax company to repurchase the shares through the option.
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16.
Tony Vandervell did not want to pay tax on the option or the shares .
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