Corporation tax – Purchase by traders of partnership interests and adherence to partnerships followed by realisation and distribution by partnerships of receivables – whether purchase price of partnership interests and contributions to capital of partnerships were capital or revenue expenditure – if revenue, whether incurred wholly and exclusively for purposes of traders’ trades – if revenue incurred wholly and exclusively, whether HMRC entitled to raise further issue not in closure notice – whether partnership profits distributed to traders subject to two tax computations
Citations:
[2018] UKUT 69 (TCC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 07 April 2022; Ref: scu.608590
