FTTTx INCOME TAX – loss relief – admitted avoidance scheme – whether trade existed – no – if existed, when begun – whether manufactured payment representative of overseas dividend – no – whether payment an incidental cost of obtaining finance – no – scheme unsuccessful – whether if scheme succeeded it would fail on Ramsay principles – yes – appeals dismissed
[2014] UKFTT 175 (TC)
Bailii
England and Wales
Income Tax
Updated: 30 November 2021; Ref: scu.521783
