Lion Co v Revenue and Customs: FTTTx 9 Dec 2009

Corporation tax – deductibility of loss on written down expenditure on residential property transferred to director as bonus – treated as current asset in accounts – whether on capital or revenue account – s 74(1)(e) ICTA 1988

Citations:

[2009] UKFTT 357 (TC), [2010] SFTD 454, [2010] STI 683

Links:

Bailii

Jurisdiction:

England and Wales

Corporation Tax

Updated: 15 October 2022; Ref: scu.409158