FTTTx Income tax – ITTOIA 2005 ss12(4) and 335 – ITA 2007 ss67(2) and (3) – claim by farmer for trade loss relief against income received from excavation licence – whether wayleave income – no – trade losses made consecutively in previous five years – whether reasonable expectation of profit – no – whether sideways relief allowable – no – appeal disallowed
References: [2015] UKFTT 584 (TC)
Links: Bailii
Jurisdiction: England and Wales
Last Update: 15 October 2020; Ref: scu.556188
