Degorce v Revenue and Customs: UTTC 24 Aug 2015

UTTC INCOME TAX – whether taxpayer carried on a trade – if so whether trade commercial – whether carried on with a view to profit – whether GAAP correctly applied – whether expenditure incurred wholly and exclusively for purposes of trade – First-tier Tribunal deciding all issues against taxpayer – whether findings should be upheld – yes – appeal dismissed

Citations:

[2015] UKUT 447 (TCC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 07 September 2022; Ref: scu.553194