UTTC Application for judicial review – self-assessment in annual return – claim to relief under Chapter 6 of Part 4 of Income Tax Act 2007 (dealing with share loss relief) – whether such a claim governed by section 42(11A) of, and Schedule 1B, to Taxes Management Act 1970 – whether any enquiry into claim should be under section 9A or under Schedule 1A of Taxes Management Act 2007- whether claim given effect within paragraph 4 of Schedule 1A to Taxes Management Act 1970 – whether judicial review appropriate procedure
Citations:
[2015] UKUT 416 (TCC), [2015] STI 2557, [2015] WLR (D) 379, [2015] BTC 525, [2016] STC 334
Links:
Statutes:
Income Tax Act 2007, Taxes Management Act 2007
Jurisdiction:
England and Wales
Cited by:
Appeal from (UTTC) – Derry, Regina (on The Application of) v HM Revenue and Customs CA 20-Jun-2017
‘The structure of Schedule 1B is that it applies to certain specified claims for relief involving two or more years. The provisions relating to loss relief are contained in paragraph 2. The remaining paragraphs deal with entirely separate claims, . .
At UTTC – Derry, Regina (on The Application of) v Revenue and Customs SC 10-Apr-2019
D bought 500,000 shares in TY 2009/10 for pounds 500,000 in Media Pro Four Ltd. In tax year 2010/11 he sold them to ‘Island House Private Charitable Trust’ for pounds 85,500, realising a loss of pounds 414,500. His 2009/10 tax return claimed share . .
Lists of cited by and citing cases may be incomplete.
Income Tax, Taxes Management
Updated: 03 February 2022; Ref: scu.553186
