INCOME TAX – HMRC amendments relating to disallowance of loan interest and legal costs upheld – whether legal costs eligible for post cessation trade relief -no – appeal in relation to 2005-6 dismissed – whether s54 TMA 1970 agreement for other earlier years as argued for by HMRC – no – lack of written notice of appeal to HMRC meant no s54 agreement but also meant no valid appeal before tribunal for earlier years- proceedings in relation to 2001-2 to 2004-5 proposed to be struck out for lack of jurisdiction.
Citations:
[2016] UKFTT 224 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 05 April 2022; Ref: scu.561923