FTTTx Corporation tax – loss relief on succession to trade – streaming of losses against profits of predecessor trade – interpretation of s 343(3) ICTA – Falmer Jeans v Rodin considered – HELD – No explicit streaming rules in s 343(3) – streaming could not be implied – succession gave rise to single surviving trade – all losses of predecessor available to successor – appeal allowed.
[2015] UKFTT 93 (TC)
Bailii
England and Wales
Corporation Tax
Updated: 28 December 2021; Ref: scu.544571
