UTTC Income Tax – whether legal costs incurred by Appellant in defending criminal charges were incurred wholly and exclusively for the purposes of his trade – ‘purpose’ and ‘effect’ of incurring expenditure distinguished – s 74 ICTA 1988 and s 34 ITTIOA 2005 – question answered in negative by First-tier Tribunal – no error of law in determination of the FTT – appeal dismissed.
Citations:
[2013] UKUT 305 (TCC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 27 March 2022; Ref: scu.513616