Glapwell Football Club Ltd v Revenue and Customs: FTTTx 30 Sep 2013

FTTTx CORPORATION TAX – Group relief – whether the trade of the loss-making company was being carried on in the relevant accounting periods with a view to the realisation of gain in the trade, or so as to afford a reasonable expectation of gain in the trade – sections 393A(3)and 393A(4) ICTA 1988 – loss-making company carrying on the trade of running a football club or fielding a football team – found on the facts that the trade was not being carried on at the relevant times so as to afford a reasonable expectation of gain in the trade – appeal dismissed

[2013] UKFTT 516 (TC)
Bailii

Corporation Tax

Updated: 22 November 2021; Ref: scu.516875