Glais House Care Ltd v Revenue and Customs (Income Tax/Corporation Tax : Capital Allowances): FTTTx 28 Jan 2019

CORPORATION TAX – capital allowances – expenditure on fixtures on which capital allowances had been claimed by previous owner – claim limited to amount which vendor had been required to bring into account – whether or not this was determined by allocations in contract between the parties – held not – whether or not this was determined by amount actually brought into account by vendor – held not – appeal allowed in part

Citations:

[2019] UKFTT 59 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Corporation Tax

Updated: 06 December 2022; Ref: scu.635665