BCM Cayman Lp and Bluecrest Capital Management Cayman Limited v Revenue and Customs: UTTC 22 Jul 2022

CORPORATION TAX – acquisition by Cayman Islands limited partnership of interest in UK limited partnership – liability of general partner in Cayman partnership to corporation tax on certain profit allocations – whether Cayman partner entitled to tax deduction for interest on borrowings to acquire interest in UK limited partnership – appeal dismissed.

Citations:

[2022] UKUT 198 (TCC)

Links:

Bailii

Jurisdiction:

England and Wales

Corporation Tax

Updated: 23 August 2022; Ref: scu.680136