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:
Statutes:
Income and Corporation Taxes Act 1988 574
Jurisdiction:
England and Wales
Income Tax
Updated: 23 June 2022; Ref: scu.449557