UTTC INCOME TAX – section 38A Capital Allowances Act 2001 – annual investment allowance – exclusion where expenditure incurred in chargeable period in which trade permanently discontinued – whether trade discontinued at end of period was discontinued in that period – yes – appeal dismissed Citations: [2015] UKUT 383 (TCC) Links: Bailii Statutes: Capital Allowances … Continue reading Keyl v Revenue and Customs: UTTC 15 Jul 2015
FTTTx CAPITAL ALLOWANCES – Limited liability partnership; Annual Investment Allowance; whether an allowable deduction in computing the profits of the partnership; mixed partnership; company; whether Appellant a ‘qualifying person’; Capital Allowances Act 2001 section 38A; Income Tax Trading and Other Income Act 2005 section 863; Corporation Taxes Act 2009 section 1273 (2) [2014] UKFTT 888 … Continue reading Drilling Global Consultant Llp v Revenue and Customs: FTTTx 11 Sep 2014
References: [2015] UKUT 383 (TCC) Links: Bailii UTTC INCOME TAX – section 38A Capital Allowances Act 2001 – annual investment allowance – exclusion where expenditure incurred in chargeable period in which trade permanently discontinued – whether trade discontinued at end of period was discontinued in that period – yes – appeal dismissed Statutes: Capital Allowances … Continue reading Keyl v Revenue and Customs; UTTC 15 Jul 2015
