INCOME TAX – income from property – rents under tenancy agreement – whether discovery assessment validly made – yes for 3 years, no for 2 others – whether loss of tax – whether relief for interest available – whether tenancy agreement a sham: yes, it was entered into only to deceive council into paying housing benefit – appeals allowed.
Citations:
[2019] UKFTT 257 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 27 October 2022; Ref: scu.637850