Self v Revenue and Customs: FTTTx 29 Apr 2009

FTTTx INCOME TAX – payments made by firm to partners who were asked to withdraw from the partnership – whether payments chargeable to income tax as profits – yes – or whether payments were expenditure which should have been deducted by the firm in computing its profits – no – appeal dismissed – ICTA 1988 ss 18 and 74

Citations:

[2009] UKFTT 78 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 03 August 2022; Ref: scu.373629