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
Citations:
[2013] UKFTT 516 (TC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 07 June 2022; Ref: scu.516875
