FTTTx Income tax – Appellant sub-postmaster receiving termination payment on closure of sub-post office business – tax treatment of termination payment received- whether compensation in respect of capital outlay on setting up business and loss of revenue – no- whether appellant’s role as sub-postmaster was an ‘office’ for purposes of s5 ITEPA- yes – whether payment compensation for loss of office for the purposes of s401 ITEPA and taxable under s403 ITEPA – yes
Citations:
[2012] UKFTT 334 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 03 November 2022; Ref: scu.462756
