Halnan and Another v Revenue and Customs: FTTTx 7 Sep 2011

Claim for loss relief – section 574 Income and Corporation taxes Act 1988 – was money provided for shares – company records not produced – no share certificate produced – company in liquidation – no convincing evidence of subscription for shares – no prior dealings to support an implied agreement with the company to issue shares – appeal dismissed

Citations:

[2011] UKFTT 580 (TC)

Links:

Bailii

Statutes:

Income and Corporation Taxes Act 1988 574

Jurisdiction:

England and Wales

Income Tax

Updated: 23 June 2022; Ref: scu.449557