Gascoine v Wharton (Inspector of Taxes): ChD 25 Oct 1996

First year’s trading relief for losses was ascribable to the year in which the occured not the basis period.

Citations:

Times 25-Oct-1996

Statutes:

Income and Corporation Taxes Act 1988 38(1)

Jurisdiction:

England and Wales

Income Tax

Updated: 14 August 2022; Ref: scu.80763