Income Tax -Set off of losses against general income -Section 380 ICTA 1988 -Restriction on set off under Section 384 (6)ICTA of ‘plant and machinery for leasing in the course of a trade’ -Whether losses so restricted ? -Partly – Whether discovery assessment under Section 29 TMA 1970 out of time -NO -Appealed allowed in part.
[2011] UKFTT 425 (TC)
Bailii
England and Wales
Income Tax
Updated: 11 November 2021; Ref: scu.443110