References: [2016] UKUT 320 (TCC)
Links: Bailii
Ratio: UTTC CORPORATION TAX – acquisition of company with accrued losses by company carrying on similar trade – whether acquirer entitled to set losses against income of enlarged group – ICTA ss 337, 343, 393 – losses to be set only against income of predecessor’s trade – appeal allowed
Last Update: 02-Aug-16
Ref: 567366