Film partnerships – partnership trading losses – inclusion of trading losses in partners’ self-assessment tax returns – claims to utilise those losses for carry back relief- means of challenge available to HMRC
Citations:
[2014] UKUT 170 (TCC)
Links:
Statutes:
Finance (No 2) Act 1992 42, Taxes Management Act 1970 12AC(1)
Jurisdiction:
England and Wales
Cited by:
Appeal from – De Silva and Another, Regina (on The Application of) v HM Revenue and Customs CA 2-Feb-2016
. .
At UTTC – De Silva and Another, Regina (on The Application of) v Revenue and Customs SC 15-Nov-2017
The appellants had entered into certain partnerships designed to mitigate liability too income tax by creating trading losses through investments in films. HMRC rejected the claims. HMRC then sought to backdate adjustments to the carry-back claims . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 04 November 2022; Ref: scu.525880