Revenue and Customs v Pickles and Pickles (Cross Appeals): UTTC 20 Sep 2022

Income Tax – deemed distribution s 1020 Corporation Tax Act 2010 – Interpretation x 22 market value’ – Correct approach to determining market value of benefit received – What constitutes x 22 new consideration’. HMRC appeal allowed, taxpayers’ cross appeals dismissed.

Citations:

[2022] UKUT 253 (TCC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 26 October 2022; Ref: scu.682036