Income Tax – Appellant sub-postmaster receiving termination payment on closure of sub-post office – was this compensation solely for loss of capital outlay on purchase price of business and not in connection with loss of office as a subpostmaster – no – or compensation for loss of office for the purposes of s401 ITEPA subject to s403 ITEPA exemption and therefore employment income – yes – appeal dismissed
Citations:
[2010] UKFTT 424 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 11 June 2022; Ref: scu.426567