Income Tax – whether legal costs incurred by Appellant in defending criminal charges and preserving trade interests 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 ITTOIA 2005 – appeal not allowed
Citations:
[2011] UKFTT 664 (TC), [2011] STI 3273, [2012] SFTD 293
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 28 January 2022; Ref: scu.449606