FTTTx CORPORATION TAX – EXPENDITURE OF REVENUE OR CAPITAL NATURE – LEGAL FEES RELATING TO DISPUTED PLANNING APPLICATION Appellants incurring professional fees in dispute relating to planning permissions – did expenditure relate to capital asset – yes – did expenditure relate to maintenance of existing capital asset – no – did expenditure relate to acquisition or extension of existing capital asset – yes – did recurrent nature of fees charged imply Revenue expense – no – did unsuccessful outcome of planning appeal impact tax treatment of expenditure – no – Appeal Dismissed.
Citations:
[2010] UKFTT 121 (TC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 04 October 2022; Ref: scu.408965