Mcmahon v Revenue and Customs: FTTTx 24 Jul 2013

FTTTx INCOME TAX – section 34 Income Tax (Trading and Other Income) Act 2005 – appellant setting up in business in competition with former employer – expenditure incurred in settling legal proceedings and associated legal costs – whether expenditure wholly and exclusively for the purposes of the trade – duality of purpose – appeal dismissed

[2013] UKFTT 403 (TC)
England and Wales


Updated: 20 November 2021; Ref: scu.515189