Lewis v Revenue and Customs (Income Tax/Corporation Tax : Losses): FTTTx 18 Apr 2016

Income Tax – Claim under S 131 Income Tax Act 2007 for Share Loss Relief against income – whether taxpayer subscribed for shares – held yes – whether shares were valueless when acquired by taxpayer – held not – acquisition cost to be determined at market value – appeal allowed

[2016] UKFTT 254 (TC)
England and Wales

Income Tax

Updated: 14 January 2022; Ref: scu.562865