FTTTx INCOME TAX – ASSESSMENT – LOSSES – Whether trade losses can be set off against general income – whether the trade was commercial in the years in question – Not commercial in years 2007/08 and 2008/09 – Commercial in 2009/10 – Appeal allowed in part – amendment to self assessment 2007/08 and assessment for 2008/09 confirmed – amendment to self assessment 2009/10 quashed.
Citations:
[2013] UKFTT 191 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 14 November 2022; Ref: scu.472392